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Prospects Looking Bright for Transocean

Morningstar's Stephen Ellis says the driller is getting a better handle on its operations, with new contracts, the recertification of current rigs, and a favorable Macondo settlement.

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Erik Kobayashi-Solomon: Hi. I'm Erik Kobayashi-Solomon, co-editor of Morningstar's OptionInvestor newsletter. Today, it's my great pleasure to welcome Stephen Ellis, who is a senior analyst in charge of oil-services firms here at Morningstar. He is also co-editor of our sister publication called Opportunistic Investor.

Stephen, thanks for coming in.

Erik Kobayashi-Solomon does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.