Investing
Citi Maintains a 'Buy' Rating on Transocean (RIG), Adds to Top Picks Live List
Published:
Last Updated:
Citi maintains a ‘Buy’ rating on Transocean Inc (NYSE: RIG), adds to Top Picks Live list with a $98 price target, citing several positive trends in the offshore drilling including capacity constraints which are driving increases in day rates.
Citi analyst says, “Our revised energy price forecast calls for a barrel of WTI crude oil to average $47 in 2009, $55 in 2010, $60 in 2011, and $65 in 2012. Under this price progression, which is consistent with the forward curve in oil futures, the deepwater drilling play is underpinned by solid economic returns on investment. We expect deepwater drilling to remain the highest growth market in oil services…”
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
