Transocean Ltd. Analyst Coverage Initiated: Oil Bubble Waiting to Burst by BrokerBank Securities, Inc.

NEW YORK, Feb. 25, 2015 /PRNewswire/ -- Transocean Ltd. RIG based in Switzerland, a leader of offshore contract drilling services for the oil sector recently announced a 80% dividend cut and the resignation of the CEO. The news does not come as a surprise as oil has suffered in the past 8 months, declining by more than 50% in that time frame. The company is following suit, cutting their dividend to continue to pay their debts.

Oil price has recently rallied to 2015 highs, though this is believed to be short-lived. The oil and gas sector has experienced some life recently; however it is believed that oil price will continue to decline resulting from oversupply and continued production by OPEC and other oil producing countries. Until the oil price recovers, the energy sector will continue to post losses.

For a more detailed research report with analyst comments and recommendation on Transocean Ltd. please follow the link. There is no cost obligation required to view analyst brief:

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This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward- looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.   

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BrokerBank Securities, Inc. make no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/transocean-ltd-analyst-coverage-initiated-oil-bubble-waiting-to-burst-by-brokerbank-securities-inc-300040693.html

SOURCE BrokerBank Securities, Inc.

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