NYSE:RIGEnergy Services
A Look At Transocean (RIG) Valuation After New Brazil And Norway Rig Contracts
Transocean (RIG) shares are in focus after the company disclosed new work for two offshore rigs, with contracts in Brazil and Norway adding approximately $168 million of firm backlog and extending visibility on future drilling activity.
See our latest analysis for Transocean.
The new rig awards arrive after a strong run in the share price. Transocean’s 90 day share price return of 36.86% contrasts with a more modest 0.71% year to date gain, while the 1 year total shareholder return of 4.40%...