Transocean: Record Low Stock Price And Record High Dayrates

Abstract Aerial Art A lot has happened since my last coverage of Transocean (NYSE:RIG) stock. The oil prices have plunged. Transocean announced $645 million in non-cash impairment charge, which made the company's stock plunge in value. But the company also received a new contract award, which is largely ignored by the market. Many market players and analysts expect an imminent recession. But bear in mind that Transocean’s top managers believe in the company they manage. So, why should we not take the hi ...