Transocean: Backlog Is Still Critical
Source: SeekingAlpha
2026-02-13 11:08:34 ET
Background
Transocean ( RIG ) recently announced plans to acquire a competitor, Valaris ( VAL ) in all stock deal subject to the approval of shareholders. Perhaps the most immediate and dramatic result is Val's nearly 50% gain. As a further result, VAL shareholders and RIG shareholders now share a common interest in RIG's backlog....
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Transocean: Backlog Is Still Critical
Transocean Ltd (Switzerland)
NASDAQ: RIG
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