Transocean Ltd.
RIG
position
long
Lee Cooperman
Thesis
Transocean is trading at low multiples and has significant upside potential as the offshore drilling market improves. The company offers a sustainable dividend and is expected to recover revenue efficiency, making it an attractive investment.
Did it work?
failed
confidence: high
The stock price of Transocean has declined by 89.7% since the pitch, which is a significant negative return for a long thesis. The thesis highlighted potential upside due to low multiples and market recovery, but the drastic price drop indicates that these factors have not materialized as expected.
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