Transocean Ltd. (RIG)

[Mother Lode]

"With the long-standing credit facility overhang now being addressed, Transocean's liquidity should remain sufficient despite currently elevated capex requirements for the company's newbuild drillships Deepwater Atlas and Deepwater Titan.

Thanks to the new long-term contracts, I would estimate reported backlog to increase to at least $6.8 billion in the company's next fleet status report in October, up from $6.2 billion in July."

https://seekingalpha.com/article/4528528-transocean-long-term-contract-commitments-are-back-upgrading-shares-to-strong-buy