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$153.66 -3.64 (-2.31%)
5/9/2008 4:00 PM

Transocean, Inc. (RIG)

CAPS Rating:
*****

The Company is an international provider of offshore contract drilling services for oil and gas wells. Its primary business is to contract the drilling rigs, related equipment and work crews primarily on a dayrate basis to drill oil and gas wells.

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3150 Outperforms
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Ticker Tags

Exploration (54), S&P 500 (484), It's a Verb! (47), Large Cap (467), It's a Noun! (82), Oil & Gas Drilling & Exploration (105)
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Transocean, Inc. At A Glance

Current Price: $153.66
Last Trade Time: 5/9/2008 4:00 PM
Open: $0.00
Previous Close: $157.30
Daily Range: $150.62 - $157.67
52-Week Range: $87.74 - $162.35
Volume: 8,869,839
Market Cap: $50.16B
P/E Ratio: 10.03
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Stock Trends

RIG VS S&P 500 (SPY)

RIG 12 month chart vs. S&P

News & Discussion Boards

Top Bull Pitch

Recs

29

Transocean, Inc. (RIG)

Avatar freefall51 (68.63) Submitted: 2/23/08 12:31 PM

If I were to choose one stock - just one - this is it. RIG has more business in front of them that they can handle. Everything falls in place.

The world is demanding more energy. Alterative energy is not keeping up the pace. So oil will get tighter, even if the US falls in recesssion. Fast growi...More

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Top Bear Pitch

Recs

2

Transocean, Inc. (RIG)

Avatar kjhaveri (< 20) Submitted: 12/06/07 5:42 AM

insider selling

Replies: 6 | Reply | Permalink

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Recs

0

 (RIG)

Avatar imobillc (69.32) Submitted: 5/11/08 1:30 PM : Outperform Start Price: $154.83 RIG Score: -0.25

This is a BUY! Even if oil price comes down..... $$$$drilling contracts++++++
Only good News!
*Transocean unit inks $1B drillship contract
*UPDATE 2-Transocean 1st-qtr profit up sharply, tops Street

- Transocean Inc. (Transocean) is an international provider of offshore contract drilling services for oil and gas wells. As of February 20, 2008, the Company owned, had partial ownership interests in or operated 139 mobile offshore drilling units. Its fleet included 39 high-specification floaters (ultra-deepwater, deepwater and harsh environment semisubmersibles, and drillships), 29 midwater floaters, 10 high-specification jackups, 57 standard jackups and four other rigs. As of February 20, 2008, the Company also has eight ultra-deepwater floaters contracted for or under construction. The Company's primary business is to contract these drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. In November 2007, the Company completed its merger transaction with GlobalSantaFe Corporation (GlobalSantaFe).

As of February 20, 2008, the Company's fleet was located in the Far East (21 units), United Kingdom, North Sea (19 units), Middle East (18 units), United States Gulf of Mexico (16 units), Nigeria (13 units), India (12 units), Angola (11 units), Brazil (eight units), Norway (five units), other West African countries (five units), the Caspian Sea (three units), Trinidad (three units), Australia (two units), the Mediterranean (two units) and Canada (one unit). The Company specializes in the offshore drilling business with a particular focus on deepwater and harsh environment drilling services. It also provides oil and gas drilling management services on either a day rate basis or a completed-project, fixed-price (or turnkey) basis, as well as drilling engineering and drilling project management services, and it participates in oil and gas exploration, and production activities.

Transocean principally operates three types of drilling rigs: drillships, semisubmersibles and jackups. Also included in its fleet are barge drilling rigs, a mobile offshore production unit and a coring drillship. Most of its drilling equipment is suitable for both exploration and development drilling, and the Company engages in both types of drilling activity. Likewise, most of its drilling rigs are mobile and can be moved to new locations in response to client demand. The Company categorizes its fleet as high-specification floaters, consisting of its ultra-deepwater floaters, deepwater floaters and harsh environment floaters; midwater floaters; high-specification jackups; standard jackups, and other rigs. As of February 20, 2008, the Company's fleet of 139 rigs included 39 high-specification floaters, which comprise 18 ultra-deepwater floaters, 16 deepwater floaters and five harsh environment floaters; 29 midwater floaters; 10 high-specification jackups; 57 standard jackups, and four other rigs, which comprise two barge drilling rigs; one mobile offshore production unit and one coring drillship.

High-specification floaters are specialized offshore drilling units that the Company categorizes into three sub-classifications based on their capabilities. Ultra-deepwater floaters have high-pressure mud pumps and a water depth capability of 7,500 feet or greater. Deepwater Floaters are generally those other semisubmersible rigs and drillships that have a water depth capacity between 7,500 and 4,500 feet. Harsh environment floaters have a water depth capacity between 4,500 and 1,500 feet, and are capable of drilling in harsh environments. Midwater floaters comprise those non-high-specification semisubmersibles with a water depth capacity of less than 4,500 feet. High-specification jackups consist of the Company's harsh environment and high-performance jackups, and standard jackups consist of its remaining jackup fleet.

Drillships are generally self-propelled, shaped like conventional ships. All of its high-specification drillships are positioned, which allows them to maintain position without anchors through the use of their onboard propulsion and station-keeping systems. Transocean's three existing enterprise-class drillships are and five of its seven additional newbuild drillships contracted for or under construction will be equipped with the Company's dual-activity technology. Dual-activity technology includes structures, equipment and techniques for using two drilling stations within a single derrick to perform drilling tasks. Dual-activity technology allows its rigs to perform simultaneous drilling tasks in a parallel rather than sequential manner.

Semisubmersibles are floating vessels that can be submerged by means of a water ballast system such that the lower hulls are below the water surface during drilling operations. These rigs are capable of maintaining their position over the well through the use of an anchoring system or a computer controlled dynamic positioning thruster system. The Company's three express-class semisubmersibles are designed for mild environments and are equipped with the tri-act derrick. The tri-act derrick allows offline tubular and riser handling operations to occur at two sides of the derrick while the center portion of the derrick is being used for normal drilling operations through the rotary table.

Jackup rigs are mobile self-elevating drilling platforms equipped with legs that can be lowered to the ocean floor until a foundation is established to support the drilling platform. These rigs are generally suited for water depths of 400 feet or less. The Company classifies certain of its jackup rigs as high-specification jackups.

From time to time, the Company provides well and logistics services in addition to its normal drilling services through third-party contractors. The Company refers to these other services as integrated services. As of February 27, 2008, the Company was performing such services in India.

As a result of the Merger, the Company conducts oil and gas exploration, development and production activities through its oil and gas subsidiaries. The Company acquires interests in oil and gas properties principally in order to facilitate the awarding of turnkey contracts for its drilling management services operations. Its oil and gas activities are conducted primarily in the United States offshore Louisiana and Texas and in the United Kingdom sector of the North Sea.

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Recs

0

 (RIG)

Avatar KipLargo (80.51) Submitted: 5/09/08 3:43 PM : Outperform Start Price: $153.82 RIG Score: 0.18

Buying on the small pullback today. Cramer says Rig is in position for oil off the coast of India. If that's the case, then rig will do huge numbers.

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Recs

0

 (RIG)

Avatar photoguy1978 (50.07) Submitted: 5/09/08 10:59 AM : Outperform Start Price: $151.51 RIG Score: 1.53

it's hard not to make an oil play with crude prices going up and up and up... especially when demand gets even stronger

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Recs

0

 (RIG)

Avatar AnomaLee (99.43) Submitted: 5/09/08 8:11 AM : Outperform Start Price: $158.79 RIG Score: -1.65

Once investors finally believe that ~$100 oil has replaced the target level of $60 oil then this stock is going to $200

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Recs

0

 (RIG)

Avatar jbrown527 (< 20) Submitted: 5/09/08 12:51 AM : Outperform Start Price: $157.60 RIG Score: -2.86

CGM Focus

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Wall Street

Results 1 - 21 of 21  

picks per page. CHANGE Expand All Pitches

Top
Pick		Player NamePlayer RatingStart
Date		CallTime FrameStart
Price		Stock
Gain		S&P
Gain		ScorePitch
TrackJimCramer 81.10 04/22/08 Outperform 3W $158.11-2.81%+0.70%-3.51
TrackDeutscheSec 89.42 04/15/08 Underperform NS $151.67+1.31%+4.05%+2.74
TrackDahlmanRose 83.74 03/25/08 Outperform NS $133.00+15.53%+3.17%+12.36
TrackDreman 93.37 12/31/07 Outperform NS $143.15+7.34%-5.00%+12.34 Toggle the visibility of 60-Second Pitch and replies
TrackHeebner 99.72 12/31/07 Outperform NS $143.15+7.34%-5.00%+12.34 Toggle the visibility of 60-Second Pitch and replies
TrackBofASec 94.06 12/18/07 Outperform NS $134.03+14.65%-4.93%+19.57
TrackLehmanBros 86.07 11/29/07 Outperform NS $137.00+12.16%-5.27%+17.43
TrackZacks 94.64 11/19/07 Outperform 3M $116.86+31.49%-3.38%+34.87 Toggle the visibility of 60-Second Pitch and replies
TrackCharlesPayne 53.21 10/26/07 Outperform 3M $116.93+31.41%-9.58%+40.99
TrackSoros < 20 09/30/07 Outperform NS $113.05+35.92%-8.97%+44.89 Toggle the visibility of 60-Second Pitch and replies
TrackRonBaron < 20 09/30/07 Outperform NS $113.05+35.92%-8.97%+44.89 Toggle the visibility of 60-Second Pitch and replies
TrackJefferies 90.35 08/13/07 Outperform NS $103.00+49.18%-5.19%+54.37
TrackWachovia 78.55 08/03/07 Outperform NS $103.44+48.55%-5.03%+53.58
TrackBearStearns 93.79 06/22/07 Outperform NS $108.57+41.53%-8.20%+49.73
TrackCreditSuiss 94.99 04/05/07 Outperform NS $82.61+86.01%-3.32%+89.33
TrackMatrix 87.19 03/13/07 Outperform NS $76.90+99.82%-0.91%+100.73
TrackRBCCapMkts 90.08 12/13/06 Outperform NS $81.45+88.66%-2.34%+91.00
TrackFBR 87.08 11/03/06 Outperform NS $73.35+109.49%+1.19%+108.30
TrackMichaelBrush 92.40 09/20/06 Outperform 1Y $71.70+114.31%+4.48%+109.83
TrackCalyonSec 98.14 08/22/06 Outperform NS $67.90+126.30%+6.85%+119.45
TrackMerrill 77.42 05/23/06 Outperform 1Y $79.00+94.51%+9.69%+84.81

Results 1 - 21 of 21  

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