Transocean Stock Buy or Sell? RIG Stocks Analytic Forecasts

We present you the most up-to-date and complete review of analytical trend forecasts and views on the RIG stock market. Experts share their opinions on what to expect from the Transocean Ltd. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell Transocean stocks.

Transocean Ltd. Stock Market Experts’ Analysis and Forecasting – Sell or Buy RIG Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Henrik Alex and is titled

“Transocean Secures Important CAT-D Rig Contracts With Equinor – Buy On Weakness”

is published on March 28 (2023) and has 8 likes. The review predicts Bullish market trend.

It summarize the following theses:

• Company secures eagerly-awaited follow-on work with Equinor for two of its so-called Category D (“CAT-D”) rigs at respectable terms.
• Total firm backlog addition amounts to $382 million. Both rigs will be upgraded at the expense of Equinor.
• While Transocean will take a slight cash flow hit under the new contract terms, rates are actually among the highest awarded offshore Norway in recent years.
• While the company still needs to secure near-term work for the harsh environment rigs Transocean Equinox, Transocean Endurance, and Transocean Barents, Tuesday’s announcement represents a major step forward in navigating ongoing weak market conditions in the North Sea.
• While I wouldn’t chase the shares after the most recent recovery rally, investors should consider adding on any major weakness.

The author starts his analytic review with the following:

This author is very popular among the auditory. He has 15497 followers

Henrik Alex is the contributor of experts community since 2015 and has a great number of published articles – 802.

One more noteworthy article is written by Thomas Prescott under the title

“Transocean’s Backlog Does Not Support Current Valuation”

on March 17 (2023) and has 4 likes. The expert reflects trend of the market.

Нis theses make you think about whether to add RIG stocks to your investment portfolio or not, and helps to work out your own Transocean stock selling strategies:

• RIG has rallied almost 100% while WTI crude oil has continued a shallow decline, losing 10% since late September 2022.
• Recently reported backlog additions do not reflect a turnaround, in my opinion; current backlog is similar to that reported since 2017.
• Based on current backlog, I believe RIG is unlikely to report a profitable quarter this year.
• I recommend investors sell RIG at its current price.

Thomas Prescott starts analysis with such words:

The author declares an interesting position, and the number of his followers is 356 and it grows, but not that weighty compared to other authors.
Thomas Prescott has 20 works published.
The contributor of experts community since 2022. Has published at least 20 articles.

Another analysis presented by BeanKounter Capital came out on March 15 (2023). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for RIG stocks. It sounds like

“Transocean: Looking To Add To My Position Again”

Article has got 10 likes at the moment and forecasting Strong Bullish trend of the market.

Summarizing the information presented in the review concerning the Transocean Ltd., the expert says the following:

• Transocean reported its year end earnings and shares have sold off in recent weeks.
• I talk about the sector outlook from Transocean as well as a piece from Noble Corporation’s earnings call.
• Transocean does have a lot of debt on the balance sheet, but I think that means the upside could be huge as the company deleverages over the next couple years.
• I’m looking at 2025 LEAPS, which could provide huge returns on a small investment, especially if shares fall further in coming weeks.

And here, what comes first:

The opinion of the author can be considered quite authoritative.
The number of 5134 followers confirms this.
BeanKounter Capital is the contributor of experts community since 2021. Has already 204 analytic reviews published.