Transocean (RIG 0.32%) is one of the few offshore drilling stocks still standing after a decade of struggles. But the recovery hasn't led to strong profits, and improved efficiency and a cutback in spending could be headwinds for the industry. In the video below, Travis Hoium highlights why Transocean's results are troubling.
*Stock prices used were end-of-day prices of May 1, 2023. The video was published on May 2, 2023.
