Legendary Investor Downgrades Transocean $RIG to Strong Sell
After calling the ultimate bottom in oil against Goldman Sachs (GS) , an investment firm downgrading oil to $20 in 2016 at a stock market bottom, Vieira upgraded oil stocks to Strong Buy at that time writing one of the famous articles in our Live Blog.
Transocean share price has rallied 130% since Vieira’s live market call in 2016 to a price of $16.5, however he does not see much upside left for this troubled company. Therefore, he downgraded Transocean to Strong Sell since then urging investors to dump shares reversing to the shot side.
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
No one wants to say the truth but Goldman Sachs has been behind everything that has been wrong about the markets. Oil is a remarkable example. I take my hat to Goldman Sachs because they were able to deceive everyone else except us by posting Ads on the New York Times, a branch of Goldman to get suckers into the game
A few years ago Vieira named Transocean (RIG), Chesapeake Energy (CHK) and SouthWestern Energy (SWN) historical selling short opportunities for any investor in the markets
Transocean (RIG) and Chesapeake Energy (CHK) once darling investment positions in Carl Icahn’s portfolio. He was forced to abandon them cutting down horrific losses.
Soon or later, you’ll all pay a very high price if you ever face me. Only a blind fool, ignorant and gambler invests against the market. I warned you four years ago about Transocean bubble. Four years later idiots still have doubts! Unbelievable!
Transocean share price melted down to a price below $12 in the morning. We’ve seen the highest trading profits ever for the past thirty years trading in the markets.