VAL - Transocean: Improving Liquidity Deleveraging And Potential Profitability
2024-02-04 20:42:03 ET
Summary
- Strengthening the balance sheet is a top priority for the company.
- Deleveraging efforts have restored value to equity holders.
- The company has completed key transactions to improve liquidity and refinance debt.
- The stock is trading near 52-week lows.
- Oil is far too cheap, given the current situation in the Middle East.
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Transocean: Improving Liquidity, Deleveraging, And Potential Profitability