Downward Pricing Pressure Continues for Transocean in Latest Fleet Status Report; FVE Unchanged
We are maintaining our fair value estimate for Transocean following mixed news from last week’s Fleet Status report and tepid fourth-quarter operating results. Transocean continues to possess one of the most impressive high-spec Deepwater and Harsh Environment fleets, adding 20 rigs following the close of the Ocean Rig and Songa acquisitions in 2018. Although utilization rates remain strong (above 80% for Harsh Environment rigs, which now account for about one-quarter of the company’s rig fleet)...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.