The deep-ocean driller has been riding high on the high seas.
Tracking stocks insiders are buying is always helpful. Tips for beating the market tend to come and go quickly, but this one has held up.
Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased in seven of the prior 10 weeks.
Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin has increased in four of the prior six weeks.
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The stock price of Transocean LTD (NYSE: RIG) increased by over 14% during intraday trading. This is why it happened.
This trio of energy names got a boost when a key commodity hit an equally key price level.

Is Transocean Stock About To Break Out?

11:51am, Wednesday, 30'th Jun 2021
As oil prices keep moving higher, the stocks of many companies in the oil industry have broken out. Shares of Transocean Ltd.
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Baker Hughes' (BKR) data shows that the tally for oil drilling rigs in the Permian basin decreased after increasing for two straight weeks.
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OIH: Oil Is Dead. Long Live Oil

12:01pm, Tuesday, 22'nd Jun 2021
OIH: Oil Is Dead. Long Live Oil
Baker Hughes' (BKR) data shows that the count of oil and gas rigs in the United States has increased for two straight weeks.
Like AMC, Express, Peabody, and Transocean are planning to sell more stock, betting retail traders will help boost the share price.
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