Tuesday, January 24, 3:12 PM
Petrobas (PBR +3.6%) dismisses the earlier chatter about the oil major making a play for Transocean (RIG +1.6%). Shares of RIG have settled back after being 5.6% higher after the buzz picked up.
This Market Current was sent to 2,467 people who get email alerts on PBR.
Take a look at PBR strategic plan. The rig count and type actually does look a lot like RIG. Volume is nearly 16 million already. About 50,000 call option contracts have traded for February calls. A lot of money going into RIG today.
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