8.57 -0.02 (-0.23%)
After hours: 5:27PM EST
|Bid||8.59 x 40700|
|Ask||8.63 x 36900|
|Day's Range||8.29 - 8.65|
|52 Week Range||6.19 - 14.47|
|Beta (3Y Monthly)||1.89|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 18, 2019 - Feb 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.87|
Transocean Ltd. (RIG) announced today on behalf of Transocean Inc., its wholly-owned subsidiary (collectively with Transocean Ltd., “Transocean”), amendments with respect to Transocean Inc.’s previously announced cash tender offers (as amended, the “Amended Tender Offers”) for the series of notes issued by Transocean Inc. listed in the table below (the “Notes”). In conjunction with certain of the previously announced cash tender offers, Transocean Ltd. also previously announced solicitations (each, as amended in conjunction with the Amended Tender Offers, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) of consents (each a “Consent” and, collectively, the “Consents”) from holders of Notes due in 2020, 2021 and 2022 to amend certain provisions of the indenture, dated as of December 11, 2007 (as supplemented, the “Indenture”), between Transocean Inc. and Wells Fargo Bank, National Association, as trustee.
Royal Dutch Shell (RDS.A) started up its fourth linear alpha olefins unit at its Geismar chemicals plant, while SemGroup (SEMG) and KKR teamed up for a Canadian midstream infrastructure platform.
Oil Traders: Goldman Sachs Expects a Slowdown(Continued from Prior Part)Oil rig countLast week, the oil rig count fell by four to 873. The rig count tends to follow US crude oil prices with a three to six-month lag.In February 2016, US crude oil
The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Diamond, Transocean and Pioneer Natural
Will Oil Shift to a Higher Gear? (Continued from Prior Part) ## Oil rig count Last week, the oil rig count fell by eight to 877. The rig count tends to follow US crude oil prices with a three to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years. Between February 11, 2016, and January 7, 2019, US crude oil active futures rose 85.1%. The oil rig count reached a 6.5-year low of 316 in May 2016. Between May 27, 2016, and January 4, 2019, the oil rig count rose ~177.5%. Between May 27, 2016, and December 28, 2018, US crude oil production rose ~33.9%. ## The oil rig count topped? On October 3, US crude oil active futures settled at $76.41 per barrel—the highest closing level since November 21, 2014. Based on the pattern we saw above, the oil rig count could keep rising until at least March 2019. By the second quarter of 2019, US crude oil production growth might slow down. In the week ending November 16, the oil rig count was at 888—the highest level since March 2015. ## US crude oil output In the week ending on December 28, US crude oil production was 11.7 MMbpd (million barrels per day)—record levels. On June 1–October 26, US crude oil production was between 10.8 MMbpd and 11.2 MMbpd. Production broke that range with a rise in the oil rig count in the past few months. With a retreat in the oil rig count, the growth in US oil production might slow down. ## Oilfield services stocks Since US crude oil’s 12-year low on February 11, 2016, the VanEck Vectors Oil Services ETF (OIH) has fallen 28%. Schlumberger (SLB), Halliburton (HAL), Transocean (RIG), and Baker Hughes, a GE company (BHGE), have returned 41.6%, 0.1%, -3.8%, and -18.6%, respectively. Together, they account for ~44% of OIH’s holdings. Any slowdown in US oil drilling activities could drag these stocks. Continue to Next Part Browse this series on Market Realist: * Part 1 - Will Oil Shift to a Higher Gear? * Part 3 - Falling Inventories Didn’t Help Oil’s Rise * Part 4 - Futures Spread: Less Bearish Sentiments for Oil?
Elliott Management proposed buying QEP Resources (QEP) for about $2 billion, while Transocean (RIG) announced a five-year contract award for an ultra-deepwater drillship by Chevron (CVX).
HENDERSON, NV / ACCESSWIRE / January 8, 2019 / Zacks recently published an article stating, ''Crude oil prices are likely to remain northbound in the near term. Consequently, investment in oil exploration ...
Every investor in Transocean Ltd. (NYSE:RIG) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease Read More...
Transocean Ltd. (RIG) announced today that Transocean Inc., its wholly-owned subsidiary (collectively with Transocean Ltd., “Transocean”), has commenced cash tender offers (the “Tender Offers”) to purchase up to an aggregate principal amount that will not result in an Aggregate Purchase Price (as defined below) that exceeds $700,000,000 (subject to increase or decrease by Transocean Inc., the “Aggregate Maximum Tender Amount”) of the following series of notes issued by Transocean Inc. (the “Notes”). The terms and conditions of the Tender Offers are described in an Offer to Purchase and Consent Solicitation Statement, dated January 3, 2019 (the “Offer to Purchase and Consent Solicitation”), and the accompanying Letter of Transmittal and Consent.
Transocean (RIG) will use a newly build ultra-deepwater drillship for the drilling contract, which is expected to be the most capable one in the industry.
Oil's Must-Know Drivers in 2019(Continued from Prior Part)Oil rig count Last week, the oil rig count rose by two to 885. The rig count tends to follow US crude oil prices with a three to six-month lag.
Switzerland-based Transocean Ltd. (NYSE: RIG), which has its main U.S. office in Houston, inked a major contract with Chevron USA Inc., part of California-based Chevron Corp. (NYSE: CVX). The deal includes a rig design and construction management contract and a five-year drilling contract for one of Transocean’s two dynamically positioned ultra-deepwater drillships currently under construction at the Jurong shipyard in Singapore, according to a Dec. 28 press release. Transocean would receive a “substantial termination fee” if a termination for convenience occurs after April 2020. The rig will be the first ultra-deepwater floater rated for 20,000-pounds-per-square-inch operations, per the release, and Transocean will be compensated for its incremental 20,000-psi subsea investment in the rig if Chevron terminates the deal for convenience. In addition to dual 20,000-psi blowout preventers, the rig also will include net hook-load capacity of 3 million pounds, 165-ton active heave compensating crane and an enhanced dynamic positioning system, per the release. Jeremy Thigpen, president and CEO of Transocean, called the rig “the industry’s most capable ultra-deepwater drillship," in the release.
Transocean Ltd. said Friday it has won a rig design and construction management contract, as well as a five-year $830 million drilling contract, with Chevron USA for one of two ultra-deepwater drillships currently being built at the Jurong shipyard in Singapore. The rig is expected to start operations in the Gulf of Mexico in the second half of 2021. Shares rose 2.4% in premarket trade, but are down 37.2% in 2018, while the S&P 500 has fallen 6.9%.
Investing.com - Contract driller Transocean (NYSE:RIG) stock jumped midday thanks to a deal with Chevron (NYSE:CVX). But other energy stocks were weaker in an overall market that struggled to find direction.
Transocean Ltd. (RIG) announced today that it has signed a rig design and construction management contract, as well as a five-year drilling contract, with Chevron USA, Inc. (“Chevron”) for one of its two dynamically positioned ultra-deepwater drillships (“the drillship”) currently under construction at the Jurong shipyard in Singapore. The drilling contract is subject to design, construction, and delivery requirements set forth in the construction contract. In the event of termination for convenience by the customer, Transocean will be compensated for its incremental 20,000 psi subsea investment in the rig.
The problem with investing in energy companies like Transocean (NYSE:RIG) is the lack of control. With the RIG stock price bouncing off an all-time low, owners of Transocean stock are learning that lesson at the moment. Transocean still seems to be the leader in offshore drilling in terms of both quality and rig count.
Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.
HENDERSON, NV / ACCESSWIRE / December 27, 2018 / As the year 2018 comes to an end, the S&P 500 Index looks set to close on a negative note. The benchmark has logged nearly 10% losses since the beginning ...
The recent selloff of stocks did not spare Caterpillar (NYSE:CAT). Early this fall, CAT stock appeared to have recovered most of its losses that stemmed from the U.S.-China trade war. As late as early October, the Caterpillar stock quote was about $158 per share.
Why Oil Prices Are Helpless(Continued from Prior Part)Oil rig count Last week, the oil rig count rose by ten to 883. The rig count tends to follow US crude oil prices with a three to six-month lag. In February 2016, US crude oil prices fell to the lowest closing level in 12 years.