RIG - NYSE - Transocean inc.

[Bozz]

Siden jeg var en av de som savnet et område for utenlandske aksjer, starter jeg første topic på området.

 

Jeg synes Transocean er et spennende selskap, og jeg er av den mening at denne aksjen kan gjøre det veldig godt de neste par årene.

 

Under er det litt info om selskapet, som jeg har klippet fra Transoceans nettside: www.deepwater.com

 

"Company Overview

At Transocean Inc. -- the world's largest offshore drilling company -- we are never out of our depth from the deepest waters to shallowest swamps. We are the:

 

Largest offshore driller with 90 mobile offshore drilling units.

Largest "floating" rig driller with 55 semisubmersibles and drillships.

Largest deepwater driller with 28 rigs than can drill in more than 4,500 feet of water.

Most experienced high-specification driller, launching the most advanced offshore drilling rigs and services for more than 50 years.

Largest offshore driller by equity market capitalization.

We use our depth of size and experience to create success. Wherever we operate, employees focus on our mission of being the premier offshore drilling company for our customers. Whether our customers are global energy firms, national petroleum companies or independent operators, we seek to provide them the best service through our core values of FIRST: Financial discipline, Integrity, Respect, Safety and Technological leadership.

 

Transocean excels at constructing oil and natural gas wells in the deep waters and harsh environments. We provide rigs for all types of petroleum companies in offshore drilling markets that include the U.S. Gulf of Mexico and eastern Canada, Brazil, the U.K. and Norwegian sectors of the North Sea, West Africa, Asia, including Australia, the Middle East, India and the Mediterranean.

 

A Cayman Islands corporation, the company has approximately 11,250 employees worldwide. Principal U.S. executive offices of Transocean are at 4 Greenway Plaza, Houston, Texas 77046, where the telephone number is 713-232-7500.

 

Transocean: We're never out of our depth."

 

Kilde: http://www.deepwater.com/

[thomas]

Interessant at du startet denne topicen, RIG er en av de få aksjene jeg sjekker utviklingen på når kvelden er omme. RIG er en god indikator for hvordan det går med rigg og oljeservice aksjer her i Norge.

 

Man så hvor "kraftig" rigg og olje-aksjene reagerte - og forøvrig dro med seg hele børsen ned - når RIG leverte tall for et par uker siden. Jeg synes at RIG tallene var ganske skuffende, og hadde forventet mye bedre inntjening av verdens største rigg-selskap. Det som var ekstra skuffende, var at de guidet svakt for de to neste kvartalene. Det er IKKE et bra signal for markedet.

 

Det skal nevnes at resultatet til RIG var delvis merket av selskaps-spesifike problemer, men alikevel er resultatet for svakt til at jeg synes denne aksjen er et kjøp med det første. Siden resultatet har ikke aksjen på nær klart å hente seg inn igjen, og ser egentlig ingen grunn til å kjøpe den nå for gevinst i det kortsiktige bildet. Men en interessant aksje å følge med på er det iallefall, med tanke på rigg og oljeservice utviklingen på OSE

[Hoff@]

Ratene bare stiger, stiger og stiger.

 

Transocean får knallrate

Riggselskapet Transocean får kontraktsforlengelse. Verdien kan være så mye som 3,9 milliarder kroner.

 

 

Transocean opplyste i går at selskapet har fått en tre års kontraktsforlengelse med BP for femtegenerasjonsboreskipet "Discoverer Enterprise".

 

Ifølge selskapet har forlengelsen en mulig verdi på om lag 569 millioner dollar, eksklusive mobilisering og demobilisering. Det tilsvarer 3,9 milliarder kroner.

 

Kontraktsverdien innebærer en dagrate på nærmere 520.000 dollar.

[Bozz]

Legger ved en komentar fra Motley Fool som ble skrevet i forbindelse med kursfallet. Det argumenteres for at kursfallet gir mulighet for å komme inn uten å løpe etter kursen, noe jeg forsåvidt er enig i.

 

Transocean Gets Swamped

By Stephen D. Simpson, CFA (TMFWildWeasel)

February 14, 2006

 

If you're an investor in the oil services space, this is exactly what you didn't need.

 

The top dog in the deepwater drilling space, Transocean (NYSE: RIG), not only missed the estimates for this quarter, but also put out pretty negative guidance for the first half of this year -- as if energy investors weren't already hurting enough from the recent free fall in natural gas prices.

 

Looking at the fourth-quarter results, Transocean reported that revenue rose 14% over last year, but only 1% from the third quarter. Dayrates were fine -- up 21% annually and 6% sequentially on a company-wide basis (excluding TODCO (NYSE: THE) from last year's results). But utilization dipped from the third quarter due to repairs and maintenance requirements.

 

Likewise, the operational picture was a mixed bag. Year-over-year operating income growth of 234% is great, but it was down sequentially. The culprit wasn't anything too surprising -- higher maintenance and repair costs and the ongoing overall inflation in operating costs for drilling companies.

 

What really ticked off the Street, though, was the company's guidance for the first half. Because of delays in moving rigs over to new higher-priced contracts and higher costs from maintenance and mobilization, management is looking for earnings in the first and second quarters to be basically flat with this quarter. As you might imagine, that's a fair bit below what analysts were expecting.

 

So what, then, should investors do with Transocean's stock, which is down about 12% from its highs? With a firm backlog of contracted business, I don't think we'll be seeing revenue declines anytime soon. Heck, Devon (NYSE: DVN) just committed itself to a fairly high-priced agreement that won't even start until 2008. Likewise for Chevron (NYSE: CVX), Petrobras (NYSE: PBR), and practically any other deepwater driller: Plans are in place, budgets are allocated, and I don't think drilling activity is going to slow down unless oil prices just collapse.

 

These are the trying times that come with investing in sectors like energy services. If you already have big gains in stocks like Transocean or Schlumberger (NYSE: SLB), maybe you're tempted to flee and lock in those profits. But if you believe that we're in for a longer stretch of higher energy prices (and higher exploration/drilling activity), this might be your chance to start nibbling at stocks that previously ran away from you.

 

Motley Fool

[Bozz]

Transocean Inc. Awarded Five-Year Contract for Construction of Enhanced Enterprise-Class Drillship and Two Multi-Year Contract Extensions

HOUSTON--(BUSINESS WIRE)--March 1, 2006--Transocean Inc. (NYSE:RIG) today announced that Chevron Corporation (NYSE:CVX) has awarded the company a drilling contract for the construction of an enhanced Enterprise-class drillship plus multi-year contract extensions for two of the company's Fifth-Generation Deepwater Floaters, the drillship Discoverer Deep Seas and semisubmersible rig Cajun Express. Combined revenues possible from the three agreements total approximately $1.7 billion over 10.5 years.

 

The enhanced Enterprise-class drillship, to be named the Discoverer Clear Leader, is being designed to include the most advanced drilling capabilities in the offshore drilling industry, building on Transocean's successful Enterprise-class drillship design and the company's industry-leading position in the ownership and operation of High-Specification mobile offshore drilling units for deepwater and harsh environment drilling applications. Chevron has awarded the company a five-year contract, which is expected to commence during the second quarter of 2009, after an estimated 30-month shipyard construction phase, followed by sea trials, mobilization to the U.S. Gulf of Mexico and customer acceptance. The contract commencement date is contingent on vendor performance and other factors. During the first three years of the contract, revenues of approximately $493 million are possible. The last two years of the contract are linked to the standard West Texas Intermediate oil price with a floor of $40 per barrel and a ceiling of $70 per barrel that could result in potential revenues between $292 million and $365 million over that period.

 

 

 

Resten av artikkelen finner du på:

www.deepwater.com

 

Transocean Inc. Awarded Three-Year Contract Extension for Fifth-Generation Deepwater Drillship Discoverer Enterprise

HOUSTON--(BUSINESS WIRE)--Feb. 27, 2006--Transocean Inc. (NYSE:RIG) today announced that BP America Production Company (BP) has awarded the company's Fifth-Generation Deepwater drillship, Discoverer Enterprise, a three-year contract extension which is expected to commence in December 2007, in direct continuation of the rig's current contract commitment, also with BP. The rig is expected to be utilized in the U.S. Gulf of Mexico, with revenues possible over the three-year contract period of approximately $569 million, excluding revenues for mobilization, demobilization and client reimbursables.

 

The dynamically positioned Discoverer Enterprise is one of 32 High-Specification Deepwater Floaters in the Transocean Inc. fleet, 13 of which are Fifth-Generation Deepwater Floaters. The rig, which is capable of operating in water depths of up to 10,000 feet, entered active service in 1999 following its construction in El Ferrol, Spain, and Pascagoula, Mississippi. The rig has been under contract to BP and utilized in the U.S. Gulf of Mexico since it began service. The Discoverer Enterprise is one of three drillships in the company's fleet to incorporate Transocean's patented dual-activity drilling process that utilizes two drilling systems in a single derrick, allowing for parallel drilling operations designed to save time and money in deepwater well construction, compared with conventional rigs.

 

Resten av artikkelen finnes på:

www.deepwater.com