Transocean: Not a deal, but saved by near-term market weakness (NYSE:RIG)

This article was written.

I am mostly a trader who engages in both long and short bets intraday and occasionally in the short to medium term. My historical focus has been mostly on tech stocks, but over the past few years I’ve begun to cover the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, dry bulk). Also, I’m still keeping a close eye on the nascent fuel cell industry.

I am based in Germany and worked for a long time as an auditor for PricewaterhouseCoopers before becoming a day trader almost 20 years ago. During that time, I was able to successfully navigate the aftermath of the dot-com bubble burst and the attacks on the World Trade Center, as well as the subprime crisis.

While not a local speaker, I always strive to deliver high-quality research to followers and the entire Seeking Alpha community.

Analyst Disclosure: I/We have beneficial long position in shares of SDRL, BORR either through stock ownership, options, or other derivatives. This article is written by myself, and it expresses my own opinion. I’m not getting paid for this (except for alpha quests). I have no business relationship with any of the companies whose stock is mentioned in this article.

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