Exchange: NYSE·Updated 04:58 PM EDT
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RIG Transocean Ltd

$5.23
$0.03
(0.58%)
Today
Closed $5.24
$0.0054
(0.10%)
After Hours
EarningsOct 28
Mkt Cap$5.82B
Vol23.02M

About RIG

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.
35

Bearish Sentiment

How do you feel about RIG?

DonOrleon17
$RIG this price action is criminal behavior. It’s obvious that institutions are lending shares to one another so they can sell them short in the open market, driving the price down, loading up more at lower prices, while they still get to keep their original shares. Criminal as heck.. blackstone , Elliot management and many other massive hedge funds have huge stakes in $RIG , I’m not doubting the company, I’m doubting the manipulation behind its price action. The $USO just broke $160 and this is somehow red.. mind you $RIG picked up a massive $300 million contract a few weeks ago that didn’t move the price at all, and now it’s the same it was a month ago, despite having over $7 billion in backlog biz. This is criminal… and for anyone who says that’s just how the market is, I’ve been monitoring this stock for months, there’s no reason this shouldn’t be moving up. The short interest % of float is ~30%, with an exceedingly high institional ownership. Sick…
7
Notashort45
$RIG Ya I'd like them not to jump off a skyscraper but maybe lose enough where they can't make their mortgage payment or maybe have their princess daughters have to leave their snobby private school. I'd be fine with that. Shorting is so anti American it should be outlawed.
6
Remdog420
$RIG what a lovely close, see the news tab, Zacks 2 days ago called this a Momentum stock. One to own. Big Bids into the close is always bullish. That's institutional buying.
5
DonOrleon17
$RIG the only valid bearish case for RIG, profitability, is becoming more irrelevant as the company expands its backlog, which is currently in excess of $7B, and oil prices keep ticking up, whereas, there is no clear sign of it slowing down. The potential merger talks with $VAL while not entirely necessary, would create a top-tier synergistic merger that would optimize operations by expanding capabilities, and reducing OPEX, essentialy delivering a significantly higher EPS allowing capital not just for an attractive dividend payout to shareholders, but also shift the valuation significantly.
5
Marinshell
$RIG regardless of the merger arbitrage to buy RIG now pre merger with all of the business opportunities the combined company will usher in is a multi- bagger!
5
ramrad
$RIG can rig be 50+ in 5 years? Looking at $MPC, $VLO, who would think these refining stocks can be as explosive as semi? !!!
5
Remdog420
$RIG I can't wait to see the headlines when short sellers start jumping from skyscrapers.
5
DonOrleon17
$RIG 5D chart: price has reclaimed ~5.28 and is sitting above VWAP (5.29), so that's the support I'm watching. Tuesday's flush low (5.14) is the bigger line in the sand, and resistance is ~5.43. The indicator I like most is CMF (bottom panel). It's back above zero and holding around .15-.20, which suggests buyers are closing candles near the highs. The squeeze is also firing to the upside with momentum rising. RSI (63) isn't overbought yet, though I rarely lean on it. Starting to look like a good setup, but time will tell.
2
Remdog420
$RIG bond yields and energy spiking, and yet again we have orange man crying wolf for the hundredth time. It's insane the markets keep falling for it. How stupid are these algos? DEI has destroyed America.
1
mrvitt1969
$RIG I don't know about y'all but I like $RUM cocktails with a slice of orange and pineapple and a little umbrella! I will just sit by the pool and wait!
4
HighRoller88
$RIG Wow this stock never gets a break. As soon as it has one nice little run they beat it back down. Heavily shorted apparently
4
mrvitt1969
$RIG Sometime in 2027 Transocean is going to be close to 27.00 . hear me now! Believe me later!
4
mrvitt1969
$RIG I might be invested too heavily into Transocean. My entire portfolio went up nearly 10% today on a red Nasdaq day!
4
SemiRetiredEngineer
$RIG I'd actually like to hear an explanation of this price action that can't be attributed to manipulation. I rarely make such a claim, because most of the time it's just the market knee-jerking to something in an indirect way. Here, we have ongoing and long-term damage to oil & gas production infrastructure, a further long-term desire to diversify oil production sources away from the Middle East, critically low reserves in the near term, and oil over $100/bbl in the near term and possibly longer... and in this name we have an upcoming very synergistic merger with that accelerates the resolution of remaining debt concerns. Merger arbitrage? Anyone? Bueler?
4
Trader333555
$RIG When RIG has massive wins like this just a few weeks ago, its incredible that RIG is not pushing well past $7.X or $8. STEINHAUSEN, Switzerland, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with ONGC in India. The campaign is expected to commence in the first quarter of 2027 and contribute approximately $300 million in contract value, inclusive of additional services and mobilization fees. The contract includes two years of priced options that, if fully exercised, would result in the drillship working in India into early 2031.
4
matgab
$RIG $BORR oil prices are 10% higher than 3 months ago and RIG is 4% lower, Borr is 9% lower than 4 months ago. Does not make sense. YTD oil price is 65%up YTD Rig +34% YTD Borr +10% Does not make sense at all!
4
xxchicagobadboyxx
$RIG While some investors expect short interest on Transocean (RIG) to go down due to strong company catalysts, current market data shows that short interest has actually increased recently and remains heavily elevated at roughly 27.54% of its public float. As of the latest official report from September 15, 2026, there are 277.76 million shares sold short, representing a 4.80% monthly increase in short positions. The Case for Short Interest Going Down (The Bull Case) Investors anticipating a decline in short interest (or a short squeeze) point to several strong tailwinds that could force short sellers to cover their positions: • String of Contract Wins: Transocean recently secured a $300 million, two-year ultra-deepwater drilling contract with ONGC in India, alongside an $80 million contract in Equatorial Guinea. • Acquisition Progress: Reports indicate that the DOJ is expected to clear Transocean’s pending all-stock acquisition of Valaris without requiring divestitures.
2
xxchicagobadboyxx
$RIG Henry Khederian Sep 15, 2026 Transocean Signs $300M ONGC Deal For Dhirubhai Deepwater KG2 Transocean secured a two-year binding ONGC contract for its Dhirubhai Deepwater KG2 drillship, with $300 million in contract value. RIG secured a major two-year, $300 million contract for ultra-deepwater drillship Dhirubhai Deepwater KG2 with ONGC in India at $410 day rate. $490M contract for Barents for 1095 days at $450K day rate.
2
Trader333555
$RIG SimplyWallstreet website posted today: Most Popular Narrative: 40% Undervalued Relative to the last close at $5.43, the most followed narrative on Transocean pegs fair value closer to $9.00 per share. This frames the latest Deepwater Conqueror contract against a much larger balance sheet and fleet story.
3
QuantInsider
$RIG popping 6% today with that $80M Deepwater Conqueror contract Solid move backed by strong oil and rig fundamentals Seeing big Jan 2027 call blocks with 30k contracts at both $7 and $10 strikes trading at the ask on InsiderFinance That’s a big play for medium-term upside This is a narrow signal with the entire 5-day options flow just these call blocks Might be smart to wait for more bullish flow or price confirmation before going all in
3

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