Replies to post #3944 on Transocean Ltd. (RIG)

[Mother Lode]

Didn't catch the conference call. Yahoo finance usually prints a transcript I'll have to read that. I'd like to hear an upbeat projection going forward. I'd also like to hear someone question when or if they estimate a return to profitability.

P.S.
8/1/2023 8:18

Benchmark analyst Kurt Hallead reiterates Transocean (NYSE:RIG) with a Buy and maintains $12 price target.

Go figure.

[Mother Lode]

I follow SLB/EQNR (and WTI/ Brent NS) as proxies for the industry. SLB beat on the bottom line but fell short on the top. They did however give upbeat guidance for the upcoming quarter. So That's what I look at when evaluating RIG.

[Mother Lode]

Well, the conference call transcript has a lot of detail in it that is beyond me. However, I've decided to focus on revenue generation. According to Mark Mey RIG made $748 million in drilling revenue with an average day rate of $367,000.
Earlier in the call J. Thigpen indicated average day rates would increase to $433,000 a 17% increase. So I would expect to see revenue around $882.5 next June. which should impact PE ratios. If not it's time to look at costs to see why and perhaps re-evaluate