Added to YB: 2025-09-29
Pitch date: 2025-09-25
RIG [neutral]
Transocean Ltd.
+30.28%
current return
Author Info
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Company Info
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally.
Market Cap
$4.7B
Pitch Price
$3.17
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.54
P/E
-1.28
EV/Sales
2.61
Sector
Energy Equipment and Services
Category
turnaround
RIG Share Issuance Quick Thoughts
RIG (quick overview): $381M equity raise at 16% discount following unexplained rally. Faces $2.5B debt maturities 2027-28. Goal: refinance secured bonds eliminating $400M annual amortization, redirecting to 12%+ dividend yield. Equity story constrained by debt structure but raise supports better refinancing terms. Watch Petrobras Búzios tender (1-4 rigs, $300k+ dayrates expected). Returns 12+ months out.
Read full article (3 min)