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Transocean Ltd. Message Board

  • ejschultheis ejschultheis Jan 29, 2013 9:25 AM Flag

    WHY CAN'T THIS RETURN TO THE 80-120 RANGE?

    Earnings and cash flows look to be returning toward the 2009 levels once you back out the one time write offs for intangibles,good will, or other.

    In my opinion this stock has much more to run. It looks as if short interest spiked after the announcement of the settlement. These shares will cover (probably at much higher levels) and should support the stock moving forward. The stock may back and fill in the next few days as the 30 day moving average has one of the largest spreads below the current price of the last 3 years. The spread may narrow but I expect the stock to remain well above the average until we get into the mid 70s.

    Ichan may not get his dividend as soon as he wants but he nailed this one from a capital appreciation sparked from the settlement with the feds.

    Good Luck

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