TRANSOCEAN

Analysis of Transocean share price

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To implement an effective investment strategy on the Transocean share price it is necessary you have a basic but comprehensive knowledge about this company. You will also need to know the supplementary information required to complete comprehensive analyses of this asset. The information you will find in this article relating to the activities of this company, its major competitors on an international level, its recent partnerships and element to include in your fundamental analysis of this asset will be of great assistance.

Elements that can influence the price of this asset:

Analysis N°1

Of course, it is essential to monitor the crude oil and gas market if you plan to trade in Transocean shares as this group exercises its activities uniquely in this sector.

Analysis N°2

We would also monitor the commodities market and the prices of crude oil and natural gas which will influence this company’s activities.

Analysis N°3

In the same way, the extremely high competition in this activity sector should be followed attentively.

Analysis N°4

We would also monitor any changes in the regulations, notably those concerning the conservation of the environment that could create difficulties for this company.

Analysis N°5

Finally, we would of course monitor the signature of any significant contracts by the group and the implementation of any strategic partnerships.

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General presentation of Transocean

Let us take a moment now to closely examine Transocean with a full presentation of this company and its activities. Knowing the sources of revenue and the products and services provided by this group is in fact necessary for all analyses of this company’s share price on the stock markets.

The Transocean Company is a Swiss group that exercises its activities in the oil drilling sector. More precisely, this company is actually one of the principal providers worldwide in offshore drilling services for petroleum and natural gas companies.

At present, to provide its services the Transocean Group operates 135 drilling platforms including 75 semi-submersible platforms, 59 lifting platforms and a drilling vessel.

It can also be advantageous to know the geographical distribution of the Transocean Group’s activities. This company currently generates 21.6% of its turnover in the United States, 13.2% in the United Kingdom, 11.1% in Brazil and 54.1% in other countries worldwide.

Analysis of Transocean share price
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The major competitors of Transocean

A thorough knowledge of the principal competitors of Transocean is also required if you wish to invest in this company’s shares. Here therefore are details of some of the major companies you should monitor closely:

Ensco

This is a British company that is specialised in the extraction of crude oil in offshore locations.

Seadrill

This company also specialises in deep water drilling operations for the petroleum industry. It notably exercises its activities in the Bermuda islands but is managed from London. This company notably operates semi-submersible platforms, lifting platforms and drilling vessels.

Diamond Offshore Drilling Inc.

This is another offshore drilling company based in this case in Texas in the United States that operates a number of large offices in different countries including Brazil, Australia, Mexico, Scotland, Singapore and Norway.

Noble Corporation PLC

Another British company, Noble is also specialised in offshore drilling operations and owns a subsidiary based in the Cayman Islands, it is also one of the largest companies in this activity sector worldwide.

Halliburton

Finally we would also follow the Halliburton Group which is an oil services company that has over time become a multinational group and is currently the second largest supplier of services to the natural gas and crude oil industrial companies worldwide. It is present in over 70 countries and owns numerous subsidiaries, affiliated companies, brands and divisions in this sector. It employs over 50,000 people worldwide at present.


The major partners of Transocean

The strategic partnership operations and acquisition of subsidiaries implemented by Transocean can also exert a certain influence on this company’s share price. Here is one recent example of an alliance that had such an effect:

Ocean Rig: In 2018, Transocean implemented an agreement with the aim of acquiring Ocean Rig and thus strengthen its position as leader in the ultra deep oil drilling sector and that of drilling in difficult environments. This partnership enabled it to benefit from 9 extra ultra deep drilling vessels, 2 semi-submersibles for harsh environments and 2 further high specification vessels for ultra deep drilling under construction. This agreement therefore expanded the resources of this group by enlarging its capabilities for this type of drilling. It also managed to increase its orders by over 743 million dollars. The transaction for this acquisition was approved by the Boards of Directors of both companies and the top four shareholders of Ocean Rig which accounted for 48% of the shares, all the board members in fact owned shares and the third shareholder of Transocean, Perestroika, based in Cyprus, are under the control of Transocean’s Board of Directors and endorsed and signed voting agreements to support this strategic operation.

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Frequently Asked Questions

In which stock market indices is the Transocean share price included?

Of course, as one of the largest Swiss stock market capitals, Transocean is included in the national stock market index, the SMI, or Swiss Market Index. But not only that, since October 2013 the Transocean Group share price is also included in the American index, the S & P 500 of the New York Stock Exchange and is therefore classified among the largest 500 companies worldwide that are quoted on this index.

How to detect a rise in the Transocean share price?

A rising trend in the Transocean share price can occur due to various factors or phenomena. This is notably the case on the announcement of strategic operations such as partnerships or acquisitions of subsidiaries or when the group publishes details of a major order. However you can also use a technical analysis to detect when a rising trend will occur and thereby profit from the moment the movement starts.

Can you invest in Transocean without purchasing the shares?

Buying Transocean shares is not the only way of speculating in this asset on the stock markets. In fact there are other methods such as the ‘Contracts For the Difference’, or CFDs, which offer direct access to this asset and enable you to speculate on the rise or fall in its price directly online through a trading platform. With this method you are not required to actually purchase these shares.

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The content in question is provided for information purposes only and should not be considered as investment advice. Past performance is no guarantee of future results. The trading history is less than 5 years old and may not be sufficient to serve as a basis for an investment decision.

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