Transocean's Killer Backlog Ensures a Bright Future

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 (RIG +1.96%) 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.