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Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters

BULLISH by u/munhoichu | Jul 02, 2026 | 1↑ 1 comments | 45 views | VIEW ON REDDIT

$RIG

$RIG TRANSOCEAN LTD (SWITZERLAND) ENERGY EQUITY SIMULATION

$5.88

+0.43 (+7.89%)

LAST PRICE · 15 MIN DELAY

DAY CHG +7.89%

5D CHG +2.09%

30D CHG +17.84%

AI SUMMARY — Transocean secured $1 billion in drilling contracts for three rigs in Norwegian waters, representing significant revenue growth for the offshore drilling company. The post suggests this could be a short squeeze candidate, implying potential upside if short positions are forced to cover.

TICKER	RIG	USER	u/munhoichu
RATING	BULLISH	ENTRY	$4.87
POSITION	1976 sh SYN	BOOK VAL	$9623.12
CURRENT	$5.88	P&L %	+20.74%
CURR VAL	$11619.08	P&L $	+1995.96

Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters - Offshore Energy

short squeeze candidate IMHO