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Transocean Inc(RIG-N)

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Stocks to Buy Now: Offshore Oil Is Set to Surge

Motley Fool - Sun Jun 11, 2023

Oil companies are earning record profits. But a lot of them are beginning to see their lack of long-term investment in new resources come to roost. And after nearly a decade, the money is flowing back to offshore oil. In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain what's happened, and why that makes Transocean (NYSE: RIG), Noble Energy (NYSE: NE), and Valaris (NYSE: VAL) extremely compelling buys right now.

*Stock prices used were from the afternoon of June 1, 2023. The video was published on June 11, 2023.

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Jason Hall has positions in Noble Plc and Valaris. Tyler Crowe has positions in Noble Plc and Transocean. The Motley Fool recommends Noble Plc and Transocean and recommends the following options: long January 2025 $1 calls on Transocean. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Paid Post: Content produced by Motley Fool. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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