Transocean Ltd. Announces $195 Million Ultra-Deepwater Drillship Contract
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BTIG Positive on Transocean (RIG) Post Contract Annoucement, PT $12, 'we expect these awards to be in the $450k-$475k range'
April 2, 2024 6:48 AM EDTBTIG analyst Greg Lewis reiterated a Buy rating and $12.00 price target on Transocean (NYSE: RIG).
The analyst comments "Yesterday AMC Transocean (RIG, Buy, $12 PT) announced a 1-year contract extension on the Deepwater Asgard (7G drillship) in the US GoM at a clean dayrate of ~$504K. The contract also includes an ~$11M lump sum payment that... More
