Is Transocean (RIG) the Best Energy Stock To Buy For 2021?

Investors are almost always on the hunt for stocks in the oil drilling sector and one of the stocks that could be tracked at this point is that of Transocean Ltd (NYSE: RIG).

The stock has been one of the major performers this year so far and has managed to clock gains of as big as 50%. While there has been no development with regards to Transocean in recent days, it might be a good idea to take a look at a key development from March.

Back on March 23, it emerged that along with its partner Enhanced Drilling; Transocean developed the Enhanced Kick Detection System (EKD). The system in question helps in eliminating the effects that are associated with slip-joint and rig motion. It is a significant development considering the fact that it helps in cutting down the time that is spent on flow checking. At this point, investors could consider keeping an eye on the stock.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.