Activist investor Carl Icahn has bought 1.56% of Transocean's shares. In the following video, Foolish senior analyst Mike Olsen explains why he sees the move as a long-term win for shareholders.

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The article Accountability and Opportunity in Deepwater Drilling originally appeared on Fool.com.

Michael Olsen, CFA, and The Motley Fool own shares of Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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