Geopolitical shock lifts Transocean shares

Direct military strikes between Israel and Iran over the weekend pushed Brent crude briefly toward $98 a barrel, and Transocean (RIG) moved with the sector as investors reassessed geopolitical risk in energy earnings forecasts.

See our latest analysis for Transocean.

At a share price of US$6.03, Transocean has recently given investors a 42.22% year to date share price return and an 87.85% total shareholder return over one year. However, shorter term share price momentum has faded, with the 30 day share price return down 7.80% as the market reassesses risk around oil price swings and offshore drilling demand.

If this kind of sector wide move has your attention, it could be a useful moment to…