Published: April 16, 2014
We feel that the threat of falling day-rates is way overplayed. Since 2011 number of marketed rigs, globally, increased by around 15% without significant negative impact on either utilization rates or average contract prices. In the next few years, a large number of new offshore rigs are expected...
Published: January 31, 2014
Transocean is a deep value stock with catalysts on the horizon. The stock pushes a 6% Dividend Yield and improving Balance Sheet. Limited risk with 50% plus upside. Over the past several weeks we have seen multiple downgrades amongst the Sell-Side into earnings on Transocean. No surprise there ar...
Published: August 14, 2012
Now that it is almost certain that ATPG will file for reorganization, the recovery value of the 2nd Lien Notes offers a potential 64% upside over the current market price of 35. The Company has an attractive portfolio of offshore oil and gas assets that was beset by liquidity issues and an unheal...