Added to YB: 2025-10-06
Pitch date: 2025-10-02
RIG [bullish]
Transocean Ltd.
+25.15%
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
$3.30
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
To Drillship or Not to Drillship? Transocean's Debt Burden and How to Bet on Equity Reprisal
RIG: Offshore driller carrying legacy debt but deleveraging via $500M new bonds + equity raise to redeem 2027 notes. Bull case: evolving into dividend-paying stock like Odfjell (+210% since 2023) as capital structure improves. Catalysts: reduced rig supply, rising offshore capex 2026-27, Golden Triangle demand. LEAPS calls Jan 2027 recommended; equity above 12MMA.
Read full article (6 min)