According to Transocean's mid-May fleet update, on top of its existing contract backlog, the company's new contracts and extensions for this year (beginning in May) will be worth about $262 million. Of this, Transocean's ultra-deepwater drillship, the GSF Explorer, won a one-year contract to operate offshore India for a $412,000 day rate. In trading on 21 June, Transocean shares entered into oversold territory, trading for as low as $47.93 per share, according to Forbes. What we don't like about Transocean is the liability, though it seems to have weathered the worst of some of its legal storms. In January, it reached a $1.4 billion settlement with the US Department of Justice over criminal and civil charges related to the 2010 Gulf of Mexico spill, and it's also been embroiled in a lawsuit over the Frade spill offshore Brazil, but criminal charges against Transocean employees have been dropped.