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Good trading range for RIG is in 1.50

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TuMaRu   Wednesday, 07/29/20 09:04:56 AM
Re: Klein_Leon post# 3187
Post # of 3500 
Good trading range for RIG is in 1.50 to 1.80 for quick roundtrip if one has appetite for it. Will remain range-bound due to uncleared messes (Noble, Valaris, etc.) in the offshore drilling sector. Also demand won't pickup significantly until mid or end 2021 so not much upside to Transocean in my view.

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