![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Sunday, January 04, 2015 1:35:52 AM
he cheapest best-grade oil will found in massive offshore fields, and this is where production companies MUST drill -- and they know it.
This is also where the major natural gas fields will be discovered. Natural gas is the world's future source of energy. Therefore, it's a mistake to peg RIG share prices to the current price of crude.
Sure, some producers are negoiating to sign the best contract they can but, in the end, they will select the best rigs for the job. RIG has the best gas drilling rigs in the business.
All RIG needs to do is set back and wait; however, management should cut the dividend to maintain liquidity. With its large liquidity position, RIG can survive any downturn.
Long-term iValue nvestors should add shares on any pull back.
A share buyback with the dividend savings would also be a fantastic move by management.
The stock will bounce at least $5 when the dividend is finally cut.
All and all... RIG is a strong buy at these numbers.
Recent RIG News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 10:45:32 AM
- Transocean Ltd. Announces $123 Million Ultra-Deepwater Drillship Contract • GlobeNewswire Inc. • 09/04/2024 10:29:25 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 11:47:18 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 08:34:53 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 08:31:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 10:33:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 10:32:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 10:31:09 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2024 08:21:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:43:32 PM
- Transocean Ltd. Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 07/31/2024 08:15:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 10:41:58 AM
- Transocean Ltd. Announces $531 Million Ultra-Deepwater Drillship Contract • GlobeNewswire Inc. • 07/31/2024 10:30:40 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 07/26/2024 12:29:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 09:18:15 PM
- Transocean Ltd. Provides Quarterly Fleet Status Report • GlobeNewswire Inc. • 07/24/2024 09:15:30 PM
- Transocean Ltd. Announces Second Quarter 2024 Earnings Release Date • GlobeNewswire Inc. • 07/17/2024 08:33:41 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 07/09/2024 08:11:56 PM
- Transocean Ltd. Announces $188 Million Ultra-Deepwater Drillship Contract Extension • GlobeNewswire Inc. • 06/26/2024 10:31:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:16:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 11:01:18 AM
- Transocean Ltd. Announces $161 Million in Contract Extensions and Exercised Options for Harsh Environment Semisubmersibles • GlobeNewswire Inc. • 06/04/2024 10:38:41 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 09:05:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:57:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 09:56:27 PM
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM