Transocean's Killer Backlog Ensures a Bright Future
Judging by its backlog, the world's largest driller should continue to hold its position atop the heap of its peers. Commanding 124 rigs, nine of which are still under construction, Transocean is a giant in the deepwater drilling space with a broad customer base that includes most of the largest names in the exploration and production business. Sporting enviable utilization rates and a $30 billion backlog proves that management has its ship headed on the right bearing. Interested in a deeper dive into these issues? Check out the video below with energy and materials analyst, Taylor Muckerman, as he walks you through the company and what he believes its portfolio and backlog means moving forward.
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The article Transocean's Killer Backlog Ensures a Bright Future originally appeared on Fool.com.Joel South has no positions in the stocks mentioned above. Taylor Muckerman owns shares of Ensco. The Motley Fool owns shares of Transocean and Seadrill. Motley Fool newsletter services recommend Seadrill. 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.