Transocean: Sell The Stock As Notable Downside Remains
The stock still trades at premium valuation over its peers as market may underestimate the issues and thus the risk is to the downside.
Trending on the Topix Network
Wed Mar 05, 2014
Metal Center News
9-2010 Energy Pipe and Tube Market
As could be expected, the BP oil spill in the Gulf of Mexico has affected the oil country tubular goods market.
The Motley Fool
The Outlook for the Offshore Drilling Industry Continues to Deteriorate
In February I wrote an article on the state of the offshore drilling industry and how, although analysts had taken a negative view on the industry's outlook, Seadrill .
The Greenville News
Editorial: Oil exploration gets needed nudge
The Obama administration last week took a tentative but encouraging step toward that reality when it released an environmental report that included rules for oil surveys in an area off the East Coast from New England to central Florida.
Tue Mar 04, 2014
Transocean Price Estimate Revised To $45 On Industry Overcapacity Concerns
The market for deepwater and ultra-deepwater drilling could face some near-term challenges due to an oversupply of drilling rigs, as well as slower than expected growth in rig rental expenditures across the upstream oil and gas industry.
Ensco: 5.7% Yield Supported By Long-Term Fundamentals
Orders for newbuild deepwater rigs have slowed over the past few months, leading investors to question if an end to the rig build cycle is near.
Oil and Gas Online
InterMoor Successfully Completes Life-Of-Field Service Operations In Gomez Field
InterMoor, an Acteon company, has successfully completed decommissioning operations of the Innovator platform in Gomez field, Mississippi Canyon Block 711, Gulf of Mexico.
Sun Mar 02, 2014
Seadrill: A 10% High-Yield Alternative To REITs And MLPs
Seadrill is an offshore deepwater drilling company that, I think, still makes a great value proposition for investors seeking high dividends as well as exposure to the drilling industry.
Fri Feb 28, 2014
The Motley Fool
Is Seadrill Ltd's Dividend Big Enough to Support the Share Price?
The biggest concern for most investors has been that the offshore drilling market isn't currently in the best shape, which is why Seadrill is down 13% year to date, but can its attractive yield now support the share price? Drilling market looks dull During its recent earnings call, Seadrill stated that the offshore drilling market suffers from ... (more)
Thu Feb 27, 2014
Why Transocean (RIG) is Falling Today
The offshore drilling company reported a 49% drop in profit in the fourth-quarter to $233 million, down from $456 million in the year-ago quarter.
BOEM Opens Door to Assess Atlantic Oil Reserves
Reuters - The U.S. offshore drilling regulator on Thursday laid out potential mitigation measures companies may need to take to carry out seismic testing off the Atlantic coast to gauge oil reserves.
The Miami Herald
Feds support air gun blasts to find Atlantic oil, gas
The Interior Department is endorsing seismic exploration for oil and gas in Atlantic waters, a crucial move toward starting drilling off the Carolinas, Virginia and possibly down to Florida.
Transocean estimates 18-24 months before rig demand recovers
Transocean Ltd, owner of the world's largest offshore drilling fleet, said it could take up to 18 to 24 months for demand to recover as customers delay drilling programs.
Wed Feb 26, 2014
Sembcorp Marine heads higher as S'pore shares rebound
Shares of Sembcorp Marine Ltd rose as much as 2 per cent to an intra-day high of S$4.11, putting it on track for its biggest daily gain in three weeks.
The San Diego Union-Tribune
'Prix Pictet' powerful at MOPA
Oil Spill #4-Gulf of Mexico, Louisiana . May 18th, 2010. Aerial views of the oil that still leaks from the Deepwater Horizon wellhead.
Transocean: An Analysis Of The Fleet Status Update
Nearly every investor, long, short or indifferent, is aware of the numerous downgrades analysts have issued on Transocean Ltd. and on the offshore drilling industry as a whole over the past few months.
Tue Feb 25, 2014
Transocean Or Seadrill: Which One Will Reach $50 First?
I am going to present the case for Transocean Ltd. company based in Vernier, Switzerland and Seadrill Ltd. based in Hamilton, Bermuda.
Mon Feb 24, 2014
The Motley Fool
Is Transocean's New Dividend Payout a Good Idea?
This proposal is still to be voted through at the AGM. At current levels the $3.00 annualized dividend payout is equal to a yield of around 7%, 3% less than the yield on offer from Seadrill .
The Washington Post
Virginia pushes for new offshore drilling
Governors from Mid-Atlantic and Gulf Coast states, including Virginia's Terry McAuliffe , urged Interior Secretary Sally Jewell on Monday to finalize rules that will eventually allow dramatically expanded offshore oil and gas drilling, bringing new industry - and millions in new tax revenue - to some states that have been shut out of the U.S.
Sun Feb 23, 2014
Newspaper investigation questions oil field safety
The examination also shows a lack of government inspections and shoddy practices by many oil and gas companies.