On May 27, 2024 Refinitiv/Verus upgraded Transocean (RIG.NaE) from HOLD to BUY.

"Why Kinder Morgan is Targeting This Texas Oil Field"

https://oilprice.com/Latest-Energy-News/World-News/Why-Kinder-Morgan-is-Targeting-This-Texas-Oil-Field.html

according to Fidelity short interest is around 18%

"Transocean Insider Bought Shares Worth $12,020,000, According to a Recent SEC Filing"

https://finance.yahoo.com/news/transocean-insider-bought-shares-worth-214741027.html

On 5/17/2024:
Mohn Frederik Wilhelm: bought 2 million shares
Perestroika: bought 2 million shares
Perestroika (Cyprus) Ltd: bought 2 million shares

6 million shares controlled by one guy

"Memorial Day Travel Expected to Near Record High"

https://oilprice.com/Energy/Energy-General/Memorial-Day-Travel-Expected-to-Near-Record-High.html

"Memorial Day Travel Expected to Near Record High"

https://oilprice.com/Energy/Energy-General/Memorial-Day-Travel-Expected-to-Near-Record-High.html

"SLB OneSubsea and Subsea7 Sign Long-Term Strategic Collaboration Agreement with Equinor; Commence Work on Wisting and Bay Du Nord Projects"

i would like to know what the net effect of retiring the old and issuance of the new debt is

Don't know. I always wait for the transcript.

as far as I can see most of the energy sector is down. Even CCJ Uranium.

a lot of short interest (129.5 million. Approximately 18%)

"Transocean Ltd (RIG) Q1 2024 Earnings: Surpasses Analyst Revenue Forecasts, Adjusts to Market ..."

https://finance.yahoo.com/news/transocean-ltd-rig-q1-2024-113308802.html

"Transocean (RIG) to Support Equinor's Barents Sea Endeavours"

https://www.zacks.com/stock/news/2263864/transocean-rig-to-support-equinors-barents-sea-endeavours

Barcharts rates this as a 100% strong buy:

https://www.barchart.com/stocks/quotes/PI/opinion

"Impinj, Inc. is a provider of referral and information network radio frequency identification solutions to the retail, pharmaceutical, healthcare, food and beverage and other industries. The company's products include Indy Reader Chips which consists of integrated radio chips and supporting SDKs; Monza Tag Chips, which deliver memory options and extended features to RFID tags and Speedway fixed RFID readers and antennas for RFID-based information. Impinj, Inc. is based in Seattle, Washington."

"TotalEnergies Beats Q1 Profit Forecast Despite Lower Natural Gas Prices
https://oilprice.com/Latest-Energy-News/World-News/TotalEnergies-Beats-Q1-Profit-Forecast-Despite-Lower-Natural-Gas-Prices.html
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"Transocean (RIG) Prolongs Its Stay With Hess and TotalEnergies"

https://www.zacks.com/stock/news/2262525/transocean-rig-prolongs-its-stay-with-hess-and-totalenergies

"Norway’s Oil Demand Hasn’t Crashed Despite Record EV Market Share"

https://oilprice.com/Latest-Energy-News/World-News/Norways-Oil-Demand-Hasnt-Crashed-Despite-Record-EV-Market-Share.html

"Equinor Beats Q1 Earnings Expectations as Oil and Gas Output Jumps"

https://oilprice.com/Latest-Energy-News/World-News/Equinor-Beats-Q1-Earnings-Expectations-as-Oil-and-Gas-Output-Jumps.html

"Equinor Beats Q1 Earnings Expectations as Oil and Gas Output Jumps"

https://oilprice.com/Latest-Energy-News/World-News/Equinor-Beats-Q1-Earnings-Expectations-as-Oil-and-Gas-Output-Jumps.html

I didn't write the article just posted it. Quoting it:
"We bring all this up because six months after our first correct prediction that China's spike in FX outflows would send bitcoin surging, it's time to do it again."

"China's Capital Flight Could Fuel Bitcoin’s Next Rally"

https://oilprice.com/Finance/the-Markets/Chinas-Capital-Flight-Could-Fuel-Bitcoins-Next-Rally.html

bought some today

"Biden Unlikely to Strictly Enforce Sanctions on Iranian Oil Ahead of Elections"

https://oilprice.com/Latest-Energy-News/World-News/Biden-Unlikely-to-Strictly-Enforce-Sanctions-on-Iranian-Oil-Ahead-of-Elections.html

International Oil Drilling Boosts SLB’s Net Profit in Q1"

https://oilprice.com/Latest-Energy-News/World-News/International-Oil-Drilling-Boosts-SLBs-Net-Profit-in-Q1.html

"International Oil Drilling Boosts SLB’s Net Profit in Q1"

https://oilprice.com/Latest-Energy-News/World-News/International-Oil-Drilling-Boosts-SLBs-Net-Profit-in-Q1.html

Transocean Ltd. Provides Quarterly Fleet Status Report

https://www.globenewswire.com/news-release/2024/04/17/2864996/0/en/Transocean-Ltd-Provides-Quarterly-Fleet-Status-Report.html

he company is reporting:

First quarter earnings per share (EPS) of $0.33 and distributable cash flow (DCF) per share of $0.64, up 10% and 5%, respectively, compared to the first quarter of 2023.
Net income attributable to KMI of $746 million, compared to $679 million in the first quarter of 2023.
DCF of $1,422 million for the quarter, compared to $1,374 million in the first quarter of 2023.

"Institutional Investors Double Down On Oil Despite Divestment Pledges"
https://oilprice.com/Energy/Crude-Oil/Institutional-Investors-Double-Down-On-Oil-Despite-Divestment-Pledges.html

"Transocean Ltd. Announces Pricing of Upsized Private Offering of Senior Notes Due 2029 and Senior Notes Due 2031"

https://www.globenewswire.com/news-release/2024/04/11/2861929/0/en/Transocean-Ltd-Announces-Pricing-of-Upsized-Private-Offering-of-Senior-Notes-Due-2029-and-Senior-Notes-Due-2031.html

Retiring Debt:

"Transocean Ltd. (NYSE: RIG) announced that Transocean Inc., its wholly-owned subsidiary (the “Company” and, together with Transocean Ltd., “Transocean”), has commenced an offer to purchase for cash (collectively, the “Offers” and each, an “Offer”) any and all of its outstanding 11.50% Senior Guaranteed Notes due 2027 (the “2027 Super Priority Guaranteed Notes”) and 7.25% Senior Notes due 2025 (the “2025 Priority Guaranteed Notes,” collectively with the 2027 Super Priority Guaranteed Notes, the “Notes”), in each case, from holders thereof (each, a “Holder” and collectively, the “Holders”). Each of the Notes specified in the table below are referred to as a “series” of Notes. The Offers are being made pursuant to an Offer to Purchase, dated April 11, 2024 (the “Offer to Purchase”)."

https://www.globenewswire.com/news-release/2024/04/11/2861511/0/en/Transocean-Ltd-Announces-Cash-Tender-Offers.html

"Traders Are Buying Oil At The Fastest Rate Since 2020"

https://oilprice.com/Energy/Crude-Oil/Traders-Are-Buying-Oil-At-The-Fastest-Rate-Since-2020.html

"North Sea Oil and Gas Firms Continue Drilling Despite Climate Goals"

https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-and-Gas-Firms-Continue-Drilling-Despite-Climate-Goals.html

"North Sea Oil and Gas Firms Continue Drilling Despite Climate Goals"

https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-and-Gas-Firms-Continue-Drilling-Despite-Climate-Goals.html

"Brent Breaks Above $91 as Bullish Sentiment Builds"

https://oilprice.com/Energy/Energy-General/Brent-Breaks-Above-91-as-Bullish-Sentiment-Builds.html

"Brent Breaks Above $91 as Bullish Sentiment Builds"
https://oilprice.com/Energy/Energy-General/Brent-Breaks-Above-91-as-Bullish-Sentiment-Builds.html

Gregory Lewis at BTIG issues Buy Recommendation on 04/02/24 with a $12.00 price target.

"Brent Closes in on $90 as Geopolitical Risk Climbs"

https://oilprice.com/Energy/Energy-General/Brent-Closes-in-on-90-as-Geopolitical-Risk-Climbs.html

"Oil Prices Up as Iranian Embassy in Syria Leveled in Airstrike"
https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Up-as-Iranian-Embassy-in-Syria-Leveled-in-Airstrike.html