Ocean Rig shares crashed nearly 60% Friday after the deepwater drilling contractor announced that it could wind up filing for bankruptcy amid ‘extremely negative’ market conditions that are only expected to worsen. By mid-afternoon trading …
A man from Florida has been accused of trying to bomb numerous Target stores across the United States as part of an …
StockMarketWire.com - Victoria Oil & Gas (VOG) announced the Savannah Oil Services Cameroon S.A. train rig arrived by ship to Douala port and the 2,756 tonnes of bulk load and containers have been offloaded and are ready for customs …
It was a week where both oil and gas prices finished sharply lower. On the news front, BP plc BP announced a second …
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Tuesday’s stock swoon was a bloodbath to be sure, but not all equities fell victim to the bears’ wrath. A select few were able to stand strong in the face of wave after wave of selling. Transocean (RIG) was a bastion of strength sheltering …
How long will it be before Washington decides to rig the US stock market? Well, it could have happened Monday around noon. The US Treasury admitted that it had been in touch with “market participants.” Was that just a social call or was …
Rick Pendergraft: You would be hard pressed to find a stock that investors are more bearish on than offshore driller Transocean (NYSE:RIG). The company is showing a short interest ratio of 11.2, with over 118 million shares sold short. …
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