How Various Oil Price Scenarios Could Impact Transocean

Transocean has been taking several steps to rein in costs, while aggressively right-sizing its fleet to better cope with the downturn. However, the ultimate recovery in the company's sales and earnings growth will hinge on the recovery of crude oil prices, which would in turn improve the sentiment among oil companies to undertake high-hurdle rate offshore projects. Brent crude prices are currently trading at around $65/barrel, recovering by about 40% over the last few months, on the back of larg...