Transocean Ltd. (RIG): A Bull Case Theory

We came across a bullish thesis on Transocean Ltd. (RIG) on Substack by Unemployed Value Degen. In this article, we will summarize the bulls’ thesis on RIG. Transocean Ltd. (RIG)'s share was trading at $3.19 as of Feb 25^th. RIG’s forward P/E was 18.15 according to Yahoo Finance.

[caption id="attachment_1228730" align="aligncenter" width="768"] An oil derrick in the North Sea, revealing the scope of the company's drilling operations.[/caption]

Transocean’s CEO, Jeremy Thigpen, is stepping down after nearly a decade at the helm, marking the end of an era in which he...