Transocean - RIG-NYSE
Buy - Price 100.40 on August 7
by Sterne Agee
After analyzing GlobalSantaFe merger terms, we have raised our ratings on both stocks from Hold to Buy. The 12-month target for RIG is 122 a share; for GSF, 81. The combined entity should earn in excess of $12 a share in '08. Given a high level of firm contract backlogs, confidence in this estimate should be higher than normal...Transocean is the dominant player in the deepwater offshore-drilling industry.
Prisca Sapientia, Science in Cryptomnesia, Dissident and Heretical Natural Philosophy, Abiotic Hydrocarbon Origin, Infinite Oil, The Cold Mantle, Expansion Tectonics, Pacific Biogeography, Euclidean Geometry, Electric Universe, Electromagnetic Gravity, Colliding Worlds, The Birth of Venus, The Reversal of Retrograde Rotation, Catastrophism, Global Pyramids, Atlantis In Antarctica, Extreme Human Antiquity, Ancient Technology, Giants and Dragons, Alien Astronauts, & Intelligent Design
Monday, August 13, 2007
Sterne Agee Upgrades Transocean/GlobalSantaFe
Research Reports: Barron's Online
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