Transocean Records a Strong Quarter

Today, our Fool.com energy analysts look at the world's largest offshore contractor driller, Transocean (NYSE: RIG  ) . The company reported that adjusted per-share earnings from continuing operations rose to $1.37, while revenue increased 23% to $2.44 billion.

Transocean also earlier agreed to sell 38 shallow-water drillers as part of a plan to focus on the higher end of the offshore-drilling market. Transocean's revenue has improved in recent quarters; Fool.com analyst Joel South gives you the Fool scoop in the following video.

If you're an energy investor looking for exciting opportunities, then you should look into one of the more exciting plays in the space: Seadrill. To learn more about the strengths and weaknesses of this company, as well as what to expect from Seadrill going forward, be sure to check out this brand-new premium report put together by one of our top Stock Advisor analysts. Click here to get started.

(NYSE: SDRL  ) (NYSE: NE  )


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  • Report this Comment On November 28, 2012, at 11:57 AM, thidmark wrote:

    Can MF improve the sound on these things? I've got the volume maxed out on my laptop and can barely hear these guys!

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