Oct. 12, 2021
Here is the link.
Transocean (RIG) set to massively outperform the stock market due to the following variables: 1. Moody's forecast a significant shortfall in CAPEX for upstream operations and foresees the need for CAPEX to increase by 54% directly impacting companies such as Transocean. 2. Offshore utilization is anticipated to reach 80% by January 2022 meaning there is a significant shortfall in available rigs. 3. The push for a ban on new drilling on federal land will likely cause larger integrate oil companies to rethink their strategy likely leading to more spending pushed into international waters. 3. US government policy towards energy is hawkish. 4. Transocean continue to reinvest and have the newest fleet on the market. I hope you enjoy my stock analysis of Transocean, ticker RIG, thank you as always for your support and have a wonderful day!
No comments:
Post a Comment