Transocean: Is Now The Time To Buy?

By Jim Van Meerten: When I look at Transocean (RIG) I'm reminded of the saying: It's always darkest before the dawn. RIG's price has been in a nose dive for several years. Today the stock was 45.69 which is just 28% off the stock's high on 5/1/2008. The stock is still going down and may be an even bigger bargain in the near future.

By Zacks Investment Research: Switzerland-based Transocean Ltd. (RIG) is the world’s largest offshore drilling contractor and the leading provider of drilling management services worldwide. The company owns, has partial ownership interests in, or operates 137 mobile offshore drilling rigs.

By Jim Van Meerten: I'm going out on a limb and predicting that investors who invest in Tansocean (RIG) at this level could see a short term pop of 23% - 27% annual total return over the next five years. The stock has been beaten down but the company now has almost all its deep water rigs back on line and the last one should be operational shortly.

By Jim Van Meerten: It's been a little while since we looked at Transocean (RIG) so I thought it might be interesting to compare it to another deep water drilling rig company, Noble (NE).

ByNick Chiu:Transocean LTD (RIG) is an international provider of offshore contract drilling services for oil and gas wells. Its fleet of 128 vessels includes drill sips, semisubmersibles, and jackups, which operate in technically demanding environments. RIG operates in two segments: contract drilling services and drilling management services.

By Qineqt:Transocean Ltd (RIG) has witnessed an increase in its revenues and adjusted earnings, and is expected to experience growth going forward.Nevertheless, we have a neutral stance on the stock due to the uncertainty over the outcomes of litigations related to the Macondo well incident, and the Frade spillover offshore Brazil, where a ban has been imposed on the operations of RIG. Introduction

Jim Van Meerten submits: This morning I was searching on Barchart for stocks that had glowing fundamentals but were selling at a deep discount and noticed Transocean (RIG) selling at almost 25% off its recent high. The stock hit 17 new lows and is 24.99% off its three month high. Click to enlarge

By Bret Jensen:I believe the oil services stocks are long-term winners given the expanding need to employ technology to find and recover oil and gas resources. Two companies that have hit rough patches but look like long-term buys are below.