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Transocean (RIG +1.2%) would be better off ignoring Carl icahn's call for a fatter dividend and...

Transocean (RIG +1.2%) would be better off ignoring Carl icahn's call for a fatter dividend and using some of its extra cash on acquisitions to upgrade its fleet and improve sales growth, some analysts say. Purchasing a company - such as ORIG or PACD - with more modern rigs could help trim RIG’s maintenance costs and allow it to charge higher rates to customers.
Comments (2)
  • Nothing wrong with the company's dividend announcement of $2.24 or 4%. Vote with the company and NO to the Icahn proposal, as it is a shortsighted proposal.
    20 Mar 2013, 12:59 PM Reply Like
  • Given the fact that the GOM oil spill trial is currently in progress, the uncertainty of the Brazil and Norway issues, and now that Carl Icahn is involved, it is not the time to beat up on RIG. These are all circumstances outside of it's control.
    How soon do we forget! The stock was trading around 80 dollars a share around the middle of 2010! RIG is a good long term investment.
    I believe the company should not declare a dividend at all until all these uncertainties play out.
    Shareholders should vote AGAINST all Icahn proposals.
    20 Mar 2013, 11:54 PM Reply Like
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