The following video is from Thursday's Digging for Value, in which host Alison Southwick and Motley Fool energy analysts, Taylor Muckerman and Joel South, get to the heart of the biggest stories in energy investing today.
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In a day when the market remained relatively flat, Transocean (RIG -2.29%) was down around 3%. It is tough to discern why investors were selling the company after reading over a pretty standard fleet update. The fact that the company sold two standard jack-up rigs should come as no surprise due to industry trends. Peers like Seadrill (SDRL) and Ensco (VAL) have been doing the same this year as well. Tune in below for more.
One of these companies is on the Motley Fools energy sector radar
