Conclusion: Transocean is still is a very speculative issue, in my book. Although everyone agrees the company is well-positioned and a market leader in providing drilling rigs and management services, the courts still aren't through with the company's bottom line. Projection for earnings seem to be universally positive, but what that figure will be is the mystery.
This is not for conservative IRAs. Conservative investors that want to be in the oil services sector should look at the competition but speculative traders could make a few dollars by watching the moving averages and support/resistance points on the 14-day turtle channels.
A chart like the one below could provide guidance:
At the time of publication the author had no holdings in the stocks mentioned. This article was written by an independent contributor, separate from TheStreet's regular news coverage.