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RIG News and Press Transocean Ltd
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Summary Enterprise Products Partners recently reported earnings for 2022, complete with another distribution hike. Units are still cheap at 7x cash flows and I think patient investors can expect multiple expansion in coming years. The yield sits at 7.6% after the most recent hike, a...
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Summary Company extends its recent winning streak by adding another high-margin contract offshore Brazil for the currently idle drillship Dhirubhai Deepwater KG2. Earlier this month, the company successfully replenished liquidity and extended near-term debt maturities at reasonable term...
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Transocean ( NYSE: RIG ) on Tuesday announced that the ultra-deepwater drillship, Dhirubhai Deepwater KG2 , has been awarded a 910-day contract by a national oil company for work offshore Brazil. The estimated backlog of $392 million excludes a mobilization fee of 90...
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STEINHAUSEN, Switzerland, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Dhirubhai Deepwater KG2 , has been awarded a 910-day contract by a national oil company for work offshore Brazil. The estimated backlog of $392 million e...
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Summary Valaris Limited is a leading offshore drilling company whose stock price soared by 70% over the past year. It has a cheap forward-looking valuation; earnings per share are expected to grow from $3.38 in 2023 to $14.22 in 2025. Valaris Limited stock is also near overbought le...
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Summary Valaris is the world's largest offshore driller by fleet numbers. Following a widescale industry bust, offshore drilling is progressively coming back online. Despite a fleet requiring calibration, Valaris is likely to benefit from this. Macroeconomic Overview B...
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Summary Company releases very strong preliminary fourth quarter and full year 2022 guidance and provides 2023 guidance well above expectations. Not surprisingly, management is trying to capitalize on the momentum by addressing the company's last remaining near-term debt maturity. Di...
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STEINHAUSEN, Switzerland, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the fourth quarter and full year 2022, after the close of trading on the NYSE on Tuesday, February 21, 2023. The company will conduct a teleconference to ...
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Summary Tidewater has had a huge run in the last year, with shares up more than 3x since the start of 2022 and 24% YTD. They closed an acquisition in April 2022 that added 50 OSVs to their fleet. The replacement cost is much higher than current day rates, which continue to trend hig...
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Summary After the recent re-financing moves, the bankruptcy possibility looks now to be in the rearview mirror. The credit de-risking sent the stock a lot higher, but further growth should track closer the operational improvements in dayrates and utilization. The dayrate outlook is ...
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