| NEW YORK
NEW YORK Feb 26 Shares of Transocean Ltd
could rise more than 35 percent in the next year or two
if oil prices top $60 a barrel, Barron's said in an article on
The Switzerland-based deepwater drilling company has been
hit over the last decade by the financial crisis, the Deepwater
Horizon disaster and lower oil prices, Barron's noted.
But the recent increase in the price of crude could mean the
worst is over for Transocean, Barron's said. The stock could hit
$19 or even $30, according to analysts and fund managers; it
currently trades around $14.
As of Friday, Brent crude oil LCOc1 traded at $55.99 a
barrel and U.S. West Texas Intermediate CLc1 sold for $53.99 a
"Transocean could turn out to be a sunken treasure for
investors," Barron's said.
(Reporting by Lawrence Delevingne; Editing by Cynthia Osterman)