Transocean And Valaris Are Making A Great Move By Joining Forces

2026-02-13 13:49:23 ET

The last few months now have been a really exciting time for shareholders of offshore drilling company Transocean ( RIG ). Since I reaffirmed the company as a “Hold” candidate back in December of last year, the stock has risen 44.6%. That dwarfs that 1.2% increase that the S&P 500 saw. The latest move that the company experienced came on Feb. 11, when shares rose 10.3%. This was followed, on Feb. 9, by news that the business is merging with another player in the space by the name of Valaris Ltd. ( VAL ) in an all-stock deal that will turn two sizable players in the industry into an industry giant....

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