With Transocean (RIG) already in turnaround mode, some observers expect Carl Icahn to push for...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

With Transocean (RIG) already in turnaround mode, some observers expect Carl Icahn to push for creation of an MLP to raise cash for the parent company and spur growth with its tax-free structure - after all, "there aren't a whole lot of other levers to pull." An MLP structure could provide a quick pop to shares of the parent, but some say it's ultimately a "cop out” because some of RIG's best assets would be removed.