Jim Cramer on Transocean: “It’s Not My Favorite”

Alright… If it were a $60 banal alternatively of 6, nary 1 would interaction it. The information is that it tin spell higher, but I bash cognize it’s got a batch of debt. It’s not my favorite. My favourite is Halliburton, and my 2nd favourite is SLB.

A laptop and a machine show show a elaborate banal marketplace method investigation chart. Photo by Jakub Zerdzicki connected Pexels

Transocean Ltd. (NYSE:RIG) focuses connected offshore drilling for lipid and state and provides high-tech rigs and specialized crews to run successful deepwater and harsh environments. In January 2025, Cramer showed a bearish sentiment toward the banal arsenic helium said:

I bash not excavation RIG. No, no, no. I bash not excavation RIG, and I’ll archer you why, due to the fact that if I don’t similar SLB, there’s nary mode I tin similar RIG due to the fact that they’re not astir arsenic bully arsenic SLB. So I’m gonna instrumentality a superior big-time size walk connected your stock.

It is worthy noting that since the supra remark was aired, the company’s banal has gained astir 50%.

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