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TuMaRu

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TuMaRu

Re: Klein_Leon post# 3187

Wednesday, 07/29/2020 9:04:56 AM

Wednesday, July 29, 2020 9:04:56 AM

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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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