Seeking Alpha

Transocean (RIG +6.2%) shares sustain gains following earlier headlines of a settlement of both...

Transocean (RIG +6.2%) shares sustain gains following earlier headlines of a settlement of both civil and criminal charges with the DoJ over the 2010 Deepwater Horizon incident. RIG is expected to pay ~$1.4B; previous SEC disclosure had the company in talks for a $1.5B settlement. RIG has set aside ~$2B to cover pending Deepwater Horizon litigation. BP +1.7%.
Comments (2)
  • Looks good.
    3 Jan 2013, 03:47 PM Reply Like
  • Agreed, for sure less than some anticipated.

     

    A good settlement for RIG, the stock should perform well in 2013.
    4 Jan 2013, 06:26 AM Reply Like
DJIA (DIA) S&P 500 (SPY)