Transocean (RIG) is oversold on the markets. Oil prices are spiralling lower again and are back at $50/bbl. UDW are at a disadvantage. Drilling does not compete effectively against shale oil, NG, or oil from the Middle east.But at a 5.9x P/E, RIG is too inexpensive for value investors to pass up.The impending bankruptcy of Seadrill (SDRL) will help RIG stock. $RIG, Transocean Ltd (Switzerland) / D Buy. Agree or disagree?Login (via StockTwits) and vote, now!Related: vertical integrated oil producers have value. Buy XOM and BP. Watch COP, CVX, AR.