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 …
A lawsuit claims that the owner of sunken oil rig in the Gulf of Mexcio inflated its stock by telling shareholders that safety issues with blowout preventers had been resolved. The federal court suit, filed in New Orleans, seeks damages from …
If you are looking for a stock in the Oil & Gas-Drilling industry, Transocean Ltd. ( RIG) could be one to watch closely. Right now the company has a Zacks Rank #2 (Buy) and it has been seeing rising earnings estimate revisions as of …
I believe that Transocean is now on the road to realize its great potential. We look forward to continued collaboration with the Board of Directors and management." The stock is up 2.16% in pre market trading. Check out the full press release …
NEW ORLEANS -- Offshore petroleum driller Transocean Ltd. inflated its stock price by misleading shareholders about the effectiveness of a key piece of safety equipment, a federal court suit alleges. Lug, Switzerland-based Transocean
Transocean’s overhaul of its operations is more of a driver for future results than its efforts to put to bed remaining liability over the 2010 Gulf of Mexico oil spill, some analysts say. Its shares got a nice bump from Thursday’s news that the …
Shareholders on both sides seemed to like the deal. Before the start of trading Monday, Transocean’s stock was up 7.9 percent and GlobalSantaFe’s stock was up 8 percent. As of Friday’s close, Transocean had a market capitalization of …
Another curious event occurred when Goldman Sachs shorted Transocean stock immediately before the explosions sank the rig. This meant that preferred Transocean insiders had their stock values insured against the impending collapse of …
It’s Personal Financial Disclosure Day in Washington, and noticeably absent from the 2009 financial records of a few members of Congress are their previous holdings in BP and Transocean. Senator John Kerry, D-Mass. Three senators …
The four distributions that had been planned to start in 2010 would have been through a reduction in the par value of Transocean stock, now 15 Swiss francs, allowing shareholders to avoid 35 percent Swiss withholding tax. …