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Transocean Ltd. Message Board

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  • simpleawright simpleawright Dec 21, 2011 2:45 PM Flag

    Seeking Alpha article-See the disclosure

    The previous Seeking alpha article stated this:

    "Transocean (RIG) shares are trading at $39.89. Transocean is an offshore drilling company. These shares have traded in a range between $38.76 to $85.98 in the last 52 weeks. The 50-day moving average is $48.19 and the 200-day moving average is $59.99. Earnings estimates indicate a profit of $1.59 per share for 2011, and $3.22 for 2012. RIG shares dropped significantly due to their involvement in the oil spill in the Gulf of Mexico. Transocean will benefit from increased demand for their offshore rigs in the Barents Sea as exploration activity heats up in the region, and all over the world due to higher oil prices. However, I would wait for a further drop in these shares before considering an investment, as this company still faces issues and expenses from the BP oil spill and will probably see a dividend cut. An insider recently bought 6,500 shares."

    Not a buy yet, Wait until low $30s, then buy.

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