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The runup in Transocean (RIG) - now up 6.9% premarket - stemming from its legal victory related...

  • Friday, January 27, 2012, 7:05 AM ET
    The runup in Transocean (RIG) - now up 6.9% premarket - stemming from its legal victory related to Deepwater Horizon could be overdone, according to analysts. Canaccored Genuity warns that the company is not indemnified from punitive damages or civil penalties brought by the government, while Citi and Nomura agree that financial overhangs related to the issue are still in place.
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    What is positive about the RIG is a part of the Deepwater Horizon no longer has responsibility. The financial situation remains still the same as before. So there is no reason to overdone his quote.
    27 Jan 2012, 08:41 AM Reply Like
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