Transocean Ltd. (RIG)

[WildCatStocks]

Things are looking up for RIG.

4 reasons RIG is still a good buy at $47 a share:

The company is selling at less than 8 times operating cash flow and yields almost 7% in dividends currently.
The median analysts' price target on RIG is now $60 which is almost 30% above current prices.
Even after the recent pop, the stock still sells near the bottom of its five year valuation range based on P/B, P/S, and P/CF.
The stock is gaining strength and just crossed its 50 day moving average (see chart).