Professional
Added to YB: 2026-07-22
Pitch date: 2026-07-19
RIG [neutral]
Transocean Ltd.
+2.95%
current return
Author Info
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Company Info
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally.
Market Cap
$5.7B
Pitch Price
$5.09
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.72
P/E
-1.89
EV/Sales
2.58
Sector
Energy Equipment and Services
Category
special_situation
Our Q2 2026 Letter & Look Ahead: Bedlam - Transocean Ltd.
RIG (holding update): Holds via VAL merger arb (each VAL→15.235 RIG shares). DOJ 2nd request delays deal on antitrust—New RIG owns ~1/3 of 7th-gen drillships. Positives: large market, 7 stacked rigs sellable for mitigation, $10B backlog leader. VAL trades slight discount; may add on weakness.
Read full article (1 min)