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Transocean Ltd. Message Board

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  • chachachia34 chachachia34 Dec 20, 2011 10:14 AM Flag

    Deepwater Naughtyness spills 13,000 gallons, when

    The problem is not how much was spilled or what was spilled, the problem is that RIG is being branded at the center of these incidents. As long as the spotlight is on them, that will be viewed unfavorably by investors, who at the moment, determine the price of the stock. Is RIG fairly valued at $39? No, should it be trading at $39, yes, because, the market determines price in the short run and the market is now saying RIG is worth $39. Real value always wins in the end. RIG is definitely on my watch list, even though I do not think the bottom is here yet. GL

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