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Posted by
Two Blokes Jul 10 -
Filed in
Stock
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Transocean is trading near 52-week lows, despite improving financials and a stable backlog, making it undervalued versus peers. The stock's weakness is tied to low oil prices, slow backlog growth, and market skepticism, but offshore rig supply remains tight and day rates are rising. If oil prices recover and Fed policy eases, Transocean's utilization and margins could surge, potentially driving the stock to $10–$25.
