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Enter Symbol:
 
Transocean Inc. (RIG) [hlAlert]

Rating:
Buy RIG
down 77.64 %

Where to Invest 2009: Higher Risk and Return

Posted on: Thursday,  Dec 18, 2008  10:26 PM ET by SmartMoney: Where to Invest 2009: Higher Risk and Return

SmartMoney: Where to Invest 2009: Higher Risk and Return rated Buy Transocean Inc. (NYSE: RIG) on 12/01/2008, when the stock price was
$57.85. Since then, Transocean Inc. has lost 77.65% as of 10/14/2015's recent price of $12.93.
If you would have followed this SmartMoney: Where to Invest 2009: Higher Risk and Return's recommendation on RIG, you would have lost 77.64% of your investment in 2508 days.

Transocean Inc. provides offshore contract drilling services for oil and gas exploration, development and production. The company's core business is to contract these drilling rigs, related equipment and work crews primarily on a dayrate basis to drill offshore wells. It specializes in technically demanding segments of the offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The company also provides additional services, including international turnkey drilling and management of third-party well service activities.

The stock market seems to be pricing many companies as though the credit crunch and recession fog will never lift. Call us crazy, but surely some financial firms and energy companies won't go out of business in 2009. In fact, they might even thrive once the economy gets past the current mess. These riskier picks could offer high rewards. You can also view SmartMoney 2008 recommendations at: http://www.gainerstoday.com/investor/SmartMoney-2008
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/1/2008 4:00 PM Buy
None
57.85
as of 12/24/2008
1 Week down  -1.11 %
1 Month up  17.89 %
3 Months   
1 YTD up  17.89 %

(*) Stock Price at the time of the recommendation.
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