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Finally Some Good News From Transocean

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Summary

  • Transocean reported a huge Q1'15 beat.
  • The deepwater driller produced impressive revenue efficiency and cost controls for the quarter.
  • The significant revenues obtained from midwater and deepwater floaters are a major concern going forward.
   After endless news of scrapping rigs and CEO changes, Transocean (NYSE:RIG) finally reported some good news. The deepwater driller entered the industry downturn with an outdated fleet and management has slowly reacted to the predicament. The Q1 results provide some hope for a turnaround due to solid operational improvements.


 Read the full article on Seeking alpha.


 Disclosure: No positions mentined. Please read the disclaimer page for more details.

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