Judging by its backlog, the world's largest driller should continue to hold its position atop the heap of its peers. Commanding 124 rigs, nine of which are still under construction, Transocean (NYSE: RIG ) is a giant in the deepwater drilling space with a broad customer base that includes most of the largest names in the exploration and production business. Sporting enviable utilization rates and a $30 billion backlog proves that management has its ship headed on the right bearing. Interested in a deeper dive into these issues? Check out the video below with energy and materials analyst, Taylor Muckerman, as he walks you through the company and what he believes its portfolio and backlog means moving forward.
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.