BORR - Transocean Passes Debt Market Acid Test With Flying Colors Discloses New Contract Awards
Note:
I have covered Transocean (NYSE:RIG) previously, so investors should view this as an update to my earlier articles on the company.
A little over two months ago, I considered leading offshore drilling services provider Transocean's shares "an interesting trading opportunity" after management not only reiterated its usual upbeat industry view on the company's Q3/2019 conference call but actually offered some encouraging data points to underscore its assessment.
In addition, I expected investors to become somewhat more constructive on the offshore drilling industry going into 2020 given increased customer demand and