Don’t Underestimate Transocean’s MLP: Morgan Stanley

Earlier this year, Transocean (RIG) completed the initial public offering for Transocean Partners (RIGP), a master limited partnership holding several of its drilling rigs. Today, Morgan Stanley’s Ole Slorer and Jacob Ng, reiterated their Equal-Weight rating on the stock, but write that investors should keep an eye on Transocean Partners, which offers a source of [...]