View which stocks are hot on social media with MarketBeat's trending stocks report. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Transocean Ltd. (NYSE: RIG) and Ocean Rig UDW Inc. ("Ocean Rig") (NASDAQ: ORIG) announced today that they have entered into a definitive merger agreement under which Transocean will acquire. Announces Pricing of $1.175 Billion of Senior Secured Notes due 2030. FREE Breaking News Alerts from StreetInsider.com! Luigs Limited, GlobalSantaFe Denmark Holdings ApS, GlobalSantaFe Drilling (N.A.) Transocean has another $1.8 billion of notes due by year-end 2022 and $2.3 billion in 2023, and if the company fails to refinance the debt it "will face a genuine liquidity crisis," Green said. View the best growth stocks for 2023 here. Earnings estimate revisions are the most important factor influencing stocks prices. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. Transocean Ltd. (NYSE:RIG) announced its quarterly earnings data on Tuesday, February, 21st. Like earnings, a higher growth rate is better than a lower growth rate. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The combination of constructive and stable oil prices over the last several quarters, streamlined offshore project costs, and undeniable reserve replacement challenges has driven a material increase in offshore contracting activity. Search: Csx Merger Rumors. This longer-term historical perspective lets the user see how a company has grown over time. The transaction has been unanimously approved by the board of directors of each company. On average, they predict the company's stock price to reach $5.91 in the next year. Growth of $10,000.00. Wednesday's top analyst upgrades and downgrades included Amazon.com, Boeing, Carlyle, Frontline, Olin, Perrigo, Rocket Companies, Starwood Property Trust, Transocean andWW. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Transocean ( NYSE: RIG) released its fleet status on April 28, 2021. Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately $70 million; The transaction has been unanimously approved by the board of directors of each company; and Top Analyst Upgrades and Downgrades: Adobe, Apple, FedEx, HCA, Kraft Heinz, Peloton, Sirius XM, Tesla, Transocean, Veeco and More Wednesday's top analyst upgrades and downgrades included Adobe,. Jeremy D. Thigpen has an approval rating of 60% among the company's employees. These contracts, worth a combined $1.24 billion, span multiple years. Increases Transocean's industry-leading contract backlog by $743 million for a combined total of $12.5 billion, at an average dayrate of $413,000; Expected annual cost synergies of approximately. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) and Nauticus Robotics, Inc., a Texas corporation. Projected EPS Growth looks at the estimated growth rate for one year. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. Luigs and the midwater floater Songa Delta. It is the most commonly used metric for determining a company's value relative to its earnings. Transocean Partners a growth-oriented limited liability company recently formed by Transocean, an offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs. The transaction, which is expected to be completed during the first quarter of 2019, is subject to the approval of both Transocean and Ocean Rig shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. What is Jeremy D. Thigpen's approval rating as Transocean's CEO? So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. To see all exchange delays and terms of use please see Barchart's disclaimer. And margin rates can vary significantly across these different groups. We use cookies to understand how you use our site and to improve your experience. Transocean stock traded at $4.52 ahead of earnings, but Tuesday's reaction took shares down to $4.41, and on Wednesday they were down another 1.2% to $4.37. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Ventura Makes Personal Testimony. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. Also, consistent with the Companys strategy of recycling less competitive rigs, Transocean will retire two of its floaters, the ultra-deepwater drillship C.R. But they all have their place in the Growth style. Transocean intends to fund the cash portion of the transaction consideration through a combination of cash on hand and fully committed financing provided by Citi. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. Transocean Inc. and GlobalSantaFe Corporation Agree to Combine Merger Highlights: -- Seasoned management and technical staffs of both companies led by Chief Executive Officer Robert L. Long and President and Chief Operating Officer Jon A. Marshall. Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more! Transocean anticipates re-ranking the combined fleet, which may result in additional rigs being recycled. M&A Summary Buy vs Sell +5 Most Recent M&A M&A by Sector By Geo Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. Multichannel News covers the cable television and telecommunications business focusing on finance, technology, broadband, and government activities for the worldwide multichannel industries. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively. Announces Proposed Private Offering of $500 Million of Secured Notes Due 2028, Transocean Ltd. ROE is always expressed as a percentage. Momentum Style - Learn more about the Momentum Style. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Transocean (RIG) Announces $488 Million Addition to Backlog. Moreover, when comparing stocks in different industries, it can become even more important to look at the relative measures, since different stocks in different industries have different values that are considered normal. Zscaler, Inc Plummets, Is It Time To Buy The Dip? After the P/E ratio, it's one of the most common valuation metrics. The new company, which will operate under the Transocean name, will combine the largest. See what's happening in the market right now with MarketBeat's real-time news feed. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. The consensus among Wall Street analysts is that investors should "buy" RIG shares. Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) Our daily ratings and market update email newsletter. A P/B of 1 means it's selling at its per share book value. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. DeKalb, which traded its stake in GlobalSantaFe for shares in Transocean, took aim at a proxy statement issued in 2007 in the run-up to the merger vote, which led to the marriage of the world's . Announces Fourth Quarter, Full Year 2022 Earnings Release Date, What Makes Transocean (RIG) a New Strong Buy Stock, Transocean Ltd. contact@marketbeat.com Transocean has a P/B Ratio of 0.51. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 8 brokerages have issued 12 month target prices for Transocean's shares. Cash Flow is a measurement of a company's health. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. Seeing a stock's EPS change over 1 week is important. 8. Transocean is an existing investor in Nauticus Robotics and is investing in the PIPE. The longer-term perspective helps smooth out short-term events. A P/B of 0.5 means its selling at half its book value. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. So be sure to compare it to its group when comparing stocks in different industries. Next to extensive balancing adjustments, which make the game's endless game even more challenging, the update offers you the possibility to configure many values in the endless game mode by yourself. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. This item is updated at 9 pm EST each day. Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. Our testing substantiates this with the optimum range for price performance between 0-20. Search: Transocean Merger Rumors. FORM 8-K. CURRENT REPORT. They read the articles and then traced the articles back to the article that . For example, a regional bank would be classified in the Finance Sector. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. This is a medium-term price change metric. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. Export data to Excel for your own analysis. Currency in USD Follow 2W 10W 9M 6.85 +0.10 (+1.48%) At close: 04:00PM EST 6.89 +0.04 (+0.58%) After hours: 07:52PM EST Summary Company Insights. Transocean Inc., the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp. for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its Transocean's stock is owned by a variety of retail and institutional investors. de C.V., GlobalSantaFe Drilling Operations Inc., GlobalSantaFe Drilling Services (North Sea) Limited, GlobalSantaFe Drilling Trinidad LLC, GlobalSantaFe Drilling Venezuela C.A., GlobalSantaFe Financial Services (Luxembourg) S.a.r.l., GlobalSantaFe Group Financing Limited Liability Company, GlobalSantaFe Holding Company (North Sea) Limited, GlobalSantaFe Hungary Services Limited Liability Company, GlobalSantaFe International Drilling Corporation, GlobalSantaFe International Drilling Inc., GlobalSantaFe International Services Inc., GlobalSantaFe Nederland B.V., GlobalSantaFe Offshore Services Inc., GlobalSantaFe Operations (Mexico) LLC, GlobalSantaFe Saudi Arabia Ltd., GlobalSantaFe Services (BVI) Inc., GlobalSantaFe Services Netherlands B.V., GlobalSantaFe Servicios de Venezuela C.A., GlobalSantaFe South America LLC, GlobalSantaFe Tampico S. de R.L. The income number is listed on a company's Income Statement. This puts Jeremy D. Thigpen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. When evaluating a stock, it can be useful to compare it to its industry as a point of reference. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). These returns cover a period from January 1, 1988 through January 2, 2023. While not suited for all investors, they are not penny stocks with Friday's top analyst upgrades and downgrades included Alcoa, Charles Schwab, Cognizant Technology Solutions, IBM, Newmont, Okta, Philip Morris International, Roblox, Shopify, Teva Pharmaceutical Thursday's additional top analyst upgrades and downgrades were on Ally Financial, CMS Energy, Credit Suisse, Freeport-McMoRan, Pinterest, Transocean, Verizon Communications and more. It's packed with all of the company's key stats and salient decision making information. Their RIG share price forecasts range from $3.30 to $10.00. Nabors Offshore - $3.05bn Founded in 1952, Nabors Offshore is a company that owns and operates one of the world's largest land-based drilling rig fleets. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. Credit Suisse Securities (USA) LLC is acting as financial advisor to Ocean Rig. Transocean will pay approximately $2 He has had recent activist campaigns at Sandridge, Energen and Occidental Petroleum and had previously ousted Michael Talbert, the chairman of Transocean Ltd The Deal Icahn has publicly offered $15 a share for Commercial Metals, an offer that totals about $1 Below is a list of employers that have announced significant changes to their defined benefit . Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. Cash flow itself is an important item on the income statement. Announces Contract Awards and Extensions Totaling $488 Million, Transocean (RIG) Stock Tumbling as Oil Futures Sink, Oil Rig Action Moves Offshore and Overseas, Transocean Ltd. (NYSE:RIG) is favoured by institutional owners who hold 53% of the company, Transocean (RIG) Wins 2 Ultra-Deepwater Drillship Contracts, view top-rated stocks among Wall Street analysts. Cash flow can be found on the cash flow statement. Start date: 01/17/2013. Transocean (RIG) expects $2.9-$3 billion revenues in 2023, based on 96.5% revenue efficiency. Transocean Ltd. (RIG) NYSE - NYSE Delayed Price. With this unparalleled fleet, the offshore drilling industrys largest and most profitable backlog totaling $12.5 billion, and approximately $3.7 billion in liquidity, we are well-equipped for the market recovery., Pankaj Khanna, President and Chief Executive Officer of Ocean Rig UDW Inc. commented: "This strategic combination of Ocean Rig and Transocean creates a world-class fleet perfectly positioned for the market recovery while reducing fragmentation that currently exists in offshore drilling. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. A higher number means the more debt a company has compared to its capital structure. Further, we are confident that we can realize meaningful synergies through our OEM agreements, our overall approach to maintenance and our fleet-wide insurance coverage, among other opportunities., Thigpen concluded, Including the five rigs under construction, and considering the two additional rigs that we have recently decided to recycle, Transoceans pro forma fleet will be comprised of 57 floaters, including many of the most technically capable ultra-deepwater floaters, and harsh environment semisubmersibles in the industry. It is used to help gauge a company's financial health. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Transocean (NYSE:RIG) has a market capitalization of $5.45 billion and generates $2.58 billion in revenue each year. The official website for the company is www.deepwater.com. By creating a free account, you agree to our, Closing prices for crude oil, gold and other commodities, In Britain, warm hubs emerge to beat soaring energy costs, In Chicago, adapting electric buses to winters challenges, Global race to boost electric vehicle range in cold weather, Ukraine ally Kallas fights for reelection in Estonia vote, How major US stock indexes fared Friday 3/3/2023, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Chief Financial Officer & Executive Vice President, Chief Administrative & Information Officer, EVP. While the hover-quote on Zacks.com, as well as the various tables, displays the delayed intraday quote and price change, this display shows the daily change as of the most recently completed trading day. This situation forced Seadrill to suspend its dividend, while Transocean (RIG 0.86%) and Ensco slashed their shareholder payouts by 80%. High institutional ownership can be a signal of strong market trust in this company. The X Industry (aka Expanded Industry) is a subset of the M (Medium Sized) Industry, which is a subset of the larger Sector category, which is used to classify all of the stocks in the Zacks Universe. Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. The merger between Noble Drilling and Maersk Drilling will create the world's third's largest offshore rig owner, with the combined company having 19 jackups, 15 drillships, and five semisubmersibles. If a stock's Q1 estimate revision decreases leading up to its earnings release, that's usually a negative sign, whereas an increase is typically a positive sign. American Consumer News, LLC dba MarketBeat 2010-2023. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. Transocean Ltd. Analyst Contact Alison Johnson Senior Manager, Investor Relations +1-713-232-7214 Media Contact Pam Easton Manager, Legal Projects and Communications +1-713-232-7647 Home News Transocean Ltd. Secures $252 Million Contract for Newbuild, Ultra-Deepwater Drillship The offshore drilling services provider had revenue of $606 million for the quarter, compared to the consensus estimate of $620.89 million. It also anticipates an adjusted contract drilling revenue of $635 million and an approximate 15% rise . For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. That means these items are added back into the net income to produce this earnings number. The company's press release can be found here. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Ltd., Songa Offshore Rig 2 AS, Songa Offshore Rig 3 AS, Songa Offshore SE, Songa Offshore SE, Songa Offshore Saturn Limited, Songa Offshore T & P Cyprus Limited, Songa Saturn Chartering Pte. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. The merger is not subject to any financing condition. Search: Transocean Merger Rumors. * indicates the important links in the menu, After-Market: This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Search: Transocean Merger Rumors. It measures a company's ability to pay short-term obligations. The proposed acquisition of Ocean Rig provides us with a unique opportunity to continue enhancing our fleet of ultra-deepwater and harsh environment floaters, without compromising our liquidity or overall balance sheet flexibility, said Transoceans President and Chief Executive Officer, Jeremy Thigpen. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. The two drillers in September entered into a definitive merger agreement under which Transocean was to acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig's net debt. Of course, different industries will have different growth rates that are considered good. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). One of the reasons why some investors prefer the P/CF ratio over the P/E ratio is because the net income of the cash flow portion rightly adds depreciation and amortization back in since these are not cash expenditures. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. All of those stocks are classified into three groups: Sector, M Industry and X Industry. As the name suggests, it's calculated as sales divided by assets. The Price to Earnings ratio or P/E is price divided by earnings. Transocean denies R&B merger speculation Talk is flying in the offshore drilling rig industry of a possible merger between two major international players - Transocean of Norway and. The 52 week price change is a good reference point. The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. Additionally, its fleet includes two high-specification ultra-deepwater drillships currently under construction at Samsung Heavy Industries with favorable shipyard financing terms. As such, adding Ocean Rigs premium assets to our industry-leading fleet provides us with an increased number of the modern and highly efficient ultra-deepwater drillships preferred by our customers, and better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market., Thigpen continued, This combination with Ocean Rig further strengthens our relationships with strategic customers, while expanding our presence in the key markets of Brazil, West Africa and Norway. Santa Fe Supraco Indonesia, PT. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The Price to Sales ratio or P/S is calculated as price divided by sales. Regardless of the many ways investors use this item, whether looking at a stock's price change, an index's return, or a portfolio manager's performance, this time-frame is a common judging metric in the financial industry. Pursuant to the terms of the Merger Agreement, a business combination between CLAQ and Nauticus was effected through the merger of Merger . Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Premium - The way to access to the Zacks Rank. Announces $392 Million Contract Award for Ultra-Deepwater Drillship. Feb. 7, 2022, 06:20 PM Peloton Interactive Inc (NASDAQ:PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. Technical analysis trends TRANSOCEAN LTD. Technical analysis Income Statement Evolution More Financials Consensus Consensus EPS Revisions More Estimates Revisions Managers and Directors More about the company Sector and Competitors More Results Their RIG share price forecasts range from $3.30 to $10.00. Learn more about Zacks Equity Research reports. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland. The merger cleared the DOJ after Compass . Volume is a useful item in many ways. The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. Registrant's telephone number, including area code: +41 (22) 930-9000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. By PATRICK TOOHER, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:50, 28 January 2023 | UPDATED: 21:50, 28 January 2023 Oil giant Shell is set to unveil record profits of more than 30 billion as households and businesses grapple with sky-high energy bills. In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. So the PEG ratio tells you what you're paying for each unit of earnings growth. 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Transocean in the last year. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. As they say, 'price follows volume'. Sign in to your free account to enjoy all that MarketBeat has to offer. 8 equities research analysts have issued 1 year target prices for Transocean's shares. Like the P/E ratio, a lower number is considered better. On Monday, two U.S. discount airlines announced plans to merge. Cause: In accordance with the terms of the merger agreement, each outstanding ordinary share of Transocean immediately prior to the effective time of the merger was reclassified into (1) 0.6996 . Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. This is a longer-term price change metric. Dear Community, the latest update for TransOcean 2: Rivals just set sail today! 12.29% of the stock of Transocean is held by insiders. A ratio of 1 means a company's assets are equal to its liabilities. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. Based on aggregate information from My MarketBeat watchlists, some companies that other Transocean investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), Gran Tierra Energy (GTE) and Och-Ziff Capital Management Group (OZM). What is Transocean's stock price forecast for 2023? Sign-up to receive the latest news and ratings for Transocean and its competitors with MarketBeat's FREE daily newsletter. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). The respective items are ranked and graded into five groups: A, B, C, D and F. An A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. What other stocks do shareholders of Transocean own?