Fund Takes Bold New Position: Is Transocean Stock a Good Buy?

Ninepoint Investment Partners, a Toronto-based investment management firm, recently acquired approximately $18.7 million worth of Transocean stock. Here's what investors need to know about this transaction.Transocean operates a large, specialized fleet of ultra-deepwater and harsh environment drilling rigs, positioning it as a leading provider of offshore drilling services worldwide. Its business model is anchored in multi-year contracts with major oil and gas producers, providing relative revenue visibilit ...