Here's Why Hold Strategy Is Apt for Transocean Stock Now

Key Takeaways RIG stock outperformed most peers despite a 10.9% six-month decline amid industry-wide pressure. A $7.9B backlog and 95.5% Q1 revenue efficiency highlight strong visibility and operations. Net loss of $79M and $5.9B debt highlight ongoing profitability and leverage challenges.Transocean Ltd. (RIG) is one of the most well-known players in offshore drilling, focused on operating mobile rigs that help explore oil and gas beneath the ocean floor. The company, which started back in 1926 and is no ...