RIG Transocean Ltd

$RIG Billion in new contacts and we are down, merger getting approved and down. They should initiate a buyback of 100 mil shares post merger as they have the cash flow too . Force a short squeeze, sell back those shares to the shorts for $40 and pay off all the debt, initiate a dividend.

$RIG I am thinking 12 to 15 soon after the merger! People will sell too soon! They always do! Hang on for a few years and you might see $20....OR more! Valaris and RIG is going to be a huge machine!

$RIG Don't sell and reward the shorts! Find some dry powder and take advantage. Nothing has changed about the fundamentals! Remdog will tell you that! It's all smoke and mirrors. You just have to learn to play the game! Transocean will bounce back because they are going to be the #1 offshore driller for an oil starved global economy! On a side note, I have been studying airports for an upcoming trip to Thailand and I found out that ORD aka Chicago O'Hare has several Cannabis Amnesty Boxes throughout their terminals. Thoughtful of them! Possesion of Cannabis in a Federal jurisdiction is a serious charge! Anyways...glta! PS: I wonder who gets to empty those Amnesty Boxes....lol

$RIG $12-$15 is a lock after the merger settles out. You have no idea what we have here. The oil majors all know that the days of fracking are in the twilight. 

$RIG The $VAL.X ACQUISITION Will make this an enormous driller covering deep water and jack up. This is to occur around December 1st.

$RIG Tik Tok, shale has remained resilient against forecast, but it's shale, it has a shorter lifespan. The Shale boom started under Obama in scale.

$RIG Iran has launched a large salvo of anti-ship missiles from the vicinity of Bandar Abbas at U.S. Navy warships in the Arabian Sea. At least 10 missiles were launched.

$RIG now a top 10 most shorted stock (market cap > $2B). Short interest of 35% (of float) is highest in over a decade for RIG. This all happening in the past 2 weeks.

$RIG This was posted in February by VAL regarding the stock transaction with RIG but I came across it again this morning so thought I would share: Highlights Creates an industry leader with a diversified offshore fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semisubmersibles and 31 modern jackups, to meet emerging growth opportunities Expands reach and customer access in world’s most attractive offshore basins Unlocks more than $200 million in identified cost synergies, additive to Transocean's ongoing cost savings initiative Increases cash flow, accelerates deleveraging and strengthens financial flexibility Estimated pro forma market capitalization of $12.3 billion Improves trading liquidity and capital markets profile, including an expanded investor base and opportunities for additional equity index inclusion

$RIG I grabbed some at ~5.20 which I thought was a deal considering everything. Even if the Iran war ends tomorrow, the damaged infrastructure and lack of immediate supply is still weighing on oil. I really feel this is the bottom, but I also noticed the short interest ticking higher and higher. Personally I wouldn’t touch anything AI/tech right now, but I still believe strongly in energy, and even some discretionary stocks that are trading relatively low. There are definitely some good deals out there, it just requires some DD

$RIG who's looking to buy back in? What's your price range, timeframe or signal to buy back in? I want to wait for information on shares outstanding, have they said anything about issuing shares to complete acquisition?

$RIG Long term investor, been waiting ages for the big turn around. Ive had enough and finally cut my losses. The story here will never change.

$RIG Algos sell at th edrop of any news. This is going to 8. Shorts will try and manipulate but this isn't 2024.

$RIG Will the market finally look forward? OR can WS still play the trading action to get in at a better price. I guess it depends on whether they have positioned themselves well enough at this point. We're gonna find out soon...

$RIG weekly chart. new MACD cross recently in +ve territory. 10-14 to test 2018 high may be possible on this momentum run.

$RIG This stock has the most Alpha than any stock in this space. When it moves because of repricing of paper barrels closer to physical barrels, it will be monumental. Also, the majors will report earnings next week which will be stunning..

$RIG With a solid earnings report with positive guidance and the completion of the Valaris deal, this stock could easily be at $9 by December.

$RIG sold again today. This time at 6.47. Waiting for the short attack which is a virtual guarantee with RIG to buy in again. I’ll be kicking myself if this is the time they finally loosen their grip.

$RIG releases their Q3 ER the day before midterm elections! That seems ballsy and confident!...Just saying!

$RIG Transocean, the offshore oil and gas driller, signed a revolver upsized to $750M from $510M and extended to Oct 2031 from June 2028, but it takes effect only if its Valaris deal closes by May 9, 2027. Cash was $509.0M at June 30, 2026; market value about $6.15B at $5.51, 16:00 ET Oct 15, 2026. New line was oversubscribed; $510M one stays till then; Oct 1 it retired $165M Aquila notes plus call premium, saving ~$22M interest to maturity. CADE ruling is final 15 days after Oct 15-16 publication; expected Q4 2026 close also needs shareholder votes.