Transocean Earnings Analysis: A Buy at Current Levels - trackseekingalpha

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Transocean Earnings Analysis: A Buy at Current Levels
Nov 05, 2009 12:46 PM UTC

trackseekingalpha

Return	Risk
-13.40%	HIGH

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Symbol	Sentiment	Start	Return	Closed
RIG	n/a

Via Long Investment Ideas from Seeking Alpha:

I liked Transocean's (RIG) earnings release (conference call transcript here). You may want to visit Transocean's website here and download the power point presentations at the end of Q2 09 and Q3 09 to see the information based on which my comments are made.

Guidance indicates strengthening confidence in day rates. At the end of last quarter, Q4 09, high spec average day rates were estimated at $408k/day; the November release shows expectations creeping up to $419k/day.

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