Posts Tagged ‘New Year’

Transocean LTD.  (NYSE:RIG) – An Offshore drilling contractor. Transocean of who owns or operates mobile offshore drilling units, inland drilling barges, and many other assets utilized in the suppport of offshore drilling activities on a Worldwide Basis. Transocean also Specializes i technically demanding segments of the offshore drilling business, which includes harsh environmental drilling, and deepwater drilling services.

Transocean LTD. jumped over 7% percent in pre-market trading this morning after a court had ruled that it was covered from in there eyes could potentially have been billions in pollution claims related to disastrous Oil Spill in the Gulf of Mexico after Transoceans  rig exploded and sank. At the end of the day Transocean will still face punitive damages and civil penalties, Transoceans contract with BP protects it from a lot of the pollution claims. At the end of the day it is uncertain how much Transocean will pay out but they will pay out something however now it is for sure to be less than what was originally expected.

As I previously said in a post on 1/23/2011

“Since the New Year there has been a turnaround and a bounce back in share price up over 18% close to $7.00 a share trading today up 1% at $45.15.”

Shares of ahead of the bell are trading up 4% at $49.30!

Currently I Rate this Company a HOLD. Not only does Transocean have a big dividend at 0.79 a share but could see a decline in the dividend this coming year. This may mark for many to want to sell off, however if you are a long term investor you may want to wait out the storm, and hold onto this investment as there are many Consensus Analyst Price Target at or above $60.00 a share.

 

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Transocean LTD.  (NYSE:RIG) – An Offshore drilling contractor. Transocean of who owns or operates mobile offshore drilling units, inland drilling barges, and many other assets utilized in the suppport of offshore drilling activities on a Worldwide Basis. Transocean also Specializes i technically demanding segments of the offshore drilling business, which includes harsh environmental drilling, and deepwater drilling services.

Since 10/31/2011 Transocean hit a High of $59.24 of which then resulted in a downtrend to a New 52 week Low of $38.21 right before the New Year. However since the New Year there has been a turnaround and a bounce back in share price up over 18% close to $7.00 a share trading today up 1% at $45.15.

Currently I Rate this Company a HOLD. Not only does Transocean have a big dividend at 0.79 a share but could see a decline in the dividend this coming year. This may mark for many to want to sell off, however if you are a long term investor you may want to wait out the storm, and hold onto this investment as there are many Consensus Analyst Price Target at or above $60.00 a share.

Currently I own a Long Term Position in Transocean (RIG).

Clean Energy Fuels Corp. (NASDAQ:CLNE)  Founded in 1996, Clean Energy (CLNE) provides natural gas as an alternative fuel for vehicle fleets in the US and Canada. The company designs, builds, finances, and operates fueling stations, supplying compressed natural gas (CNG) and liquefied natural gas (LNG) to customers in the public transit, refuse hauling, airport, taxi, seaport, and regional trucking markets. Clean Energy is based in Seal Beach, CA.

 

Over the past 52 weeks has bounced back over 55% from its 52 week low. Since the New Year, Clean Energy Fuel Corp. has climbed from closing 2011 at $12.46 to over $14.00 a share.  Over the coming month ahead, Clean Energy Fuel Corp. should continue to climb to Higher levels possibly surpassing their current 52 week high $17.85.  Since the PoulTrend Alert of which was announced back on  10/14/2011 @ $11.48 (CLNE) has climbed over 22%. As of close on Friday January, 20th, 2012

 

On the Day – Clean Energy Fuel Corp. traded up +0.20 (+1.45%).

Even at $14.oo a share, I still believe (CLNE) is Undervalued. I still have them a BUY, with a 2012 Target Price at $17.00 a share.

 

I currently hold a Long term position in this company, and have no plans of adding a new position within the next trading days.

clean energy

Image by scottjlowe via Flickr