Still Holding Transocean Stock: Here's Why That's Justified

Key Takeaways RIG has outperformed peers with a 45.6% gain and rising earnings estimates over the past 60 days.Transocean posts strong Q3 operations, 97.5% revenue efficiency and a $6.7B backlog supporting visibility.RIG faces risks from high leverage, day-rate pressure and a $1.92B net loss driven by major asset impairment.Transocean Ltd. (RIG) has significantly outperformed its peers over the past three months, with a 45.6% growth. In comparison, Nabors Industries (NBR) and Helmerich & Payne (HP) posted i ...