The July fleet status report for Transocean, Ltd (NYSE: RIG ) again provides an example of why the historical leader in the deepwater drilling sector is no longer the best investment going forward. The deepwater driller famously uses the website deepwater.com for its corporation, but it continues to struggle with old rigs in a market that demands the most modern capabilities.
Read the full article here.
Disclosure: Long SDRL. Please review the disclaimer page for more details.