You don't become an industry stalwart without the proper vision at the top of the organization. Clearly, Transocean (NYSE: RIG) has been the beneficiary of this foresight along its path. This vision continues to grow and is sharply focused on the ultra-deepwater segments of the drilling industry moving forward. As Transocean maneuvers itself into position for 2013 and beyond, management has made it clear that the company will divest lower-specification, shallow-water assets in favor of these higher-specification drillships and jackup rigs. It has already packaged a deal to sell 38 rigs for $1.05 billion and signed a deal with Royal Dutch Shell (NYSE: RDS-B) for four of the most advanced drillships in the business. Look for this momentum to carry forward well on into the foreseeable future. Not convinced by this write-up? Check out the following video for significantly more detail.
If you're an energy investor looking for exciting opportunities, then you should look into one of the more exciting plays in the space: Seadrill. To learn more about the strengths and weaknesses of this company, as well as what to expect from Seadrill going forward, be sure to check out this�brand-new premium report�put together by one of our top Stock Advisor analysts. Click here to�get started.
No comments:
Post a Comment