Transocean (RIG -2.9%) CEO Steven Newman expresses confidence the company ultimately will...


Transocean (RIG -2.9%) CEO Steven Newman expresses confidence the company ultimately will overturn an operating ban upheld by a panel of three Brazilian judges following an oil spill last November; since 10 of RIG's 127 active rigs are in Brazil, a stoppage would impact earnings. He also says RIG continues to engage in discussions over civil and criminal sides of the Macondo spill (earlier).

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  • maudie
    , contributor
    Comments (488) | Send Message
     
    Look for a big pop in price 11-7-2012.
    5 Sep 2012, 04:01 PM Reply Like
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