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Transocean Ltd. Message Board

  • bjspokanimal bjspokanimal Feb 5, 2014 12:49 PM Flag

    RIG may be dropping, But Crude Oil Isn't

    I could see the concern over un-contracted rigs and dayrates for 2014 if Crude Oil were dropping to $80 or $90 a barrel, but it isn't. Brent is not only over $100, but it is showing stability at those prices for almost 3 years now, and that's EXACTLY what exploration companies want to see when they decide whether or not to drill.

    Any decline in dayrates just makes drilling that much more feasible when Oil prices remain firm.

    This stock is surprisingly cheap.

35.37-0.19(-0.53%)Sep 16 4:00 PMEDT

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