Busy Week for Transocean
Transocean has made some ripples this past week in the investment industry with a billion dollar rig deal, as well as a potential lockout from the tremendous Brazilian oil and gas market. Investors applaud Transocean's decision to attack the lucrative ultra-deepwater rig market, which has helped offshore competitor Seadrill, but the sale of 38 shallow water rigs was done at a slight discount, accompanied by the grumble of stockholders. This week's deal is not close to having the long-term ramifications as would being permanently barred from operating in Brazil. Transocean and Chevron's appeal failed in allowing them to continue operating in the country after last year's 3,000 barrel oil spill. Check out the video below for more information on Transocean.
If you're an energy investor and are unsure of Transocean's prospects, or are looking for other exciting opportunities, then you should look into one of the more exciting plays in the space: Seadrill. To learn more about the strengths and weaknesses of the company, as well as what to expect from Seadrill going forward, be sure to check out this brand-new premium report our analysts have put together. Click here to get started.
The article Busy Week for Transocean originally appeared on Fool.com.
Austin Smith has no positions in the stocks mentioned above. Joel South has no positions in the stocks mentioned above. The Motley Fool owns shares of Transocean and Seadrill, Ltd. Motley Fool newsletter services recommend Chevron and Seadrill, Ltd. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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