Transocean Inc  (RIG) Trade Now »     Rate RIG  -  Discuss RIG  -  Add to Watch List        

Filed under: International markets, Newsletters, Commodities, Oil, Stocks to Buy

Energy sector specialist Elliott Gue sees opportunity in Transocean (NYSE: RIG), a leadin player in the deepwater drilling area. Here's the latest advice from The Energy Strategist.

"The market for deepwater rigs, however, has remained resilient and one drilling with direct leverage to deepwater rigs is US giant, Transocean, the world's largest offshore drilling company, with 136 rigs as well as ten under construction.

Filed under: International markets, Newsletters, Commodities, Oil, Stocks to Buy

"What's going on with Transocean (NYSE RIG), the owner of the world's biggest fleet of offshore drilling rigs?" asks Richard Moroney, a specialist in blue chip stocks.

In his Dow Theory Forecasts, he explains, "The shares plunged 67% - nearly $100 a share - in 2008, and we can't blame the usual suspects." Here, he explains why he continues to rate thes stock a "Focus List Buy" in his blue chip-focused advisory service.

Filed under: International markets, Newsletters, Commodities, Oil, Stocks to Buy, Best Stocks for 2009

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

Transocean (NYSE: RIG), the world's largest offshore drilling contractor, "is our favorite stock idea for 2009," says Dirk van Dijk, CFA and director of research, Zacks Investment Research.

"Transocean operates, owns or has partial ownership interests in 137 mobile offshore drilling rigs.

Especially those able to drill in very deep water.  Our U.S. Congress may have their head in the sand on drilling but most companies worldwide are developing their resources as fast as possible.  Worldwide demand for oil may be retreating for a while but eventually high demand will return. 

RIG is the biggest and has the best fundamentals among the drillers.

Filed under: Chesapeake Energy (CHK), Presidential elections, Oil, Stocks to Buy

I've been following the election closely for two years. For the most part, politics is a hobby of mine, but in this year's election my interest went much deeper.

I recognized very early that the 2008 vote would be monumental on so many levels and investment opportunities would abound. I even outlined the impact of the policies of each candidate on the market in an election gallery.

With the pullback in oil, many of the oil service companies have seen a dramatic decline. This is strange as many are not linked directly to the commodity itself and still have very nice looking futures ahead.

"Our Forecasts Focus List contains only two energy stocks, both of which are in the oil services sector: Oceaneering International (NYSE: OII) and Transocean (NYSE: RIG)," says blue chip advisor Richard Moroney.

The editor of Dow Theory Forecasts says, "While stocks in this group tend to move with oil prices in the near term, their profits depend more on exploration spending than on commodity prices."

Filed under: International markets, Newsletters, Commodities, Oil, Stocks to Buy

"Our 'Forecasts Focus List' contains only two energy stocks, both of which are in the oil services sector: Oceaneering International (NYSE: OII) and Transocean (NYSE: RIG)," says blue chip advisor Richard Moroney.

The editor of Dow Theory Forecasts says, "While stocks in the equipment and services group tend to move with oil prices in the near term, their profits depend more on exploration spending than on commodity prices."

As a Value Investor, I routinely find myself stepping in front of "Moving Trains" to buy beaten up stocks. Sometimes when you do this, you get run over and end up catching a "Falling Knife". Other times, you find yourself at the beginning of a "Hockey Stick curve climb" (sorry, Canadians have to refer to Hockey once in a while!)

With the gloomy financial news coming out of Wall Street, it may be tempting to bail out of all US equities and invest in a Russian ETF. But that would be a bad decision. A bear market creates buying opportunities.

Barron's interviews Omega Advisors' top money managers Lee Cooperman and Steven Einhorn, whose fund has returned 16% annually since 1991. They think the market's downside is limited, as perhaps is its upside, but that there is an abundance of quality stocks available now - on the cheap.