Top 10 Building Product Stocks To Watch Right Now

Top 10 Building Product Stocks To Watch Right Now: Transocean Inc.(RIG)

Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and drilling project management services. The company also offers well and logistics services. In addition, it engages in oil and gas exploration, development, and production activities primarily in the United States offshore Louisiana and Texas, and in the United Kingdom sector of the North Sea. As of February 10, 2011, the company owned, had partial ownership interests in, and operated 138 mobile offshore drilling units, including 47 high-specification floaters, 25 midwater floaters, 9 high-specification jackups, 54 standard jackups, and 3 other rigs, as well as 1 ultra-deepwater floater and 3 high-specification jackups under construction. Transocean Ltd. was founded in 1953 and is based in Zug, Switzerland.

Advisors' Opinion:

• [By Ben Levisohn]

  Consider the losses: Noble Corp (NE) has plunged 19% so far this year, while Transocean (RIG) has plummeted 16%, Rowan (RDC) has slid 15%, Ensco (ESV) has dropped 13% and Diamond Offshore Drilling (DO) has fallen 12%.

• [By Ben Levisohn]

  The beatings that Seadrill (SDRL), Transocean (RIG), Diamond Offshore Drilling (DO), Atwood Oceanics (ATW) and Rowan (RDC) have taken this year has left them looking attractive to some value investors. Barclays, however, doesn’t think the stocks are as cheap as they look.

• [By Ben Levisohn]

  The North Sea has been one of the few bright spots, if we can call it that, for offshore drillers this year, as dayrates have been dropping around the world as rigs come off contract. But Credit Suisse expects the region to get hit come 2015–and expose Rowan (RDC),! Seadrill (SDRL), Transocean (RIG) and Diamond Offshore (DO) to more pain.

• [By Ben Levisohn]

  Offshore drillers like Ensco (ESV), Seadrill (SDRL) and Rowan (RDC) are sinking today, but shares of Transocean (RIG) have managed to stay afloat.

  AFP

  Transocean has gained 0.9% to $41.85 at 1:22 p.m. today, even as Ensco has fallen 1.3% to $50.89, Seadrill has plunged 3.1% to $34.87 and Rowan has dipped 0.8% to $30.89.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-building-product-stocks-to-watch-right-now.html