Note:
I have covered Transocean (NYSE:RIG) previously, so investors should view this as an update to my earlier articles on the company.
Given the strong recovery in oil prices from the major plunge witnessed during Q4/2018 and emerging reports of supermajors finally increasing offshore exploration budgets, one would have expected offshore drilling stocks to be in demand these days.
But quite the opposite is actually the case as recent Q1/2019 reports and conference calls of leading offshore drillers Diamond Offshore (DO) and Transocean weren't exactly suited to instill confidence in a