1 rich Libsyn https://www.libsyn.com 90 600 ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW! &amp;nbsp; Industrial data is beginning to re-accelerate, and energy markets are taking notice. &amp;nbsp; In this ITPM Flash, Philip Klien examines the early signs of a potential offshore supercycle. The ISM Manufacturing index has moved back into expansion, with new orders leading the move higher — a signal that industrial demand may be turning. Crude has already strengthened year to date, but the more important shift may be happening in offshore supply. &amp;nbsp; Ultra-deepwater drillships are expensive, time-consuming to build, and new capacity is limited. As day rates rise through key thresholds, operating leverage increases sharply. At the same time, Transocean’s all-stock acquisition of Valaris tightens industry supply further while improving balance sheet quality. &amp;nbsp; This episode breaks down the macro inflection, the structural supply constraints, and why consolidation may amplify pricing power — alongside the execution and regulatory risks traders need to consider. &amp;nbsp; If industrial momentum holds, offshore could move from recovery to repricing and $RIG is the leveraged play. ITPM Podcast https://www.itpm.com <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/40091080/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/item/40091080