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Transocean Ltd., Shelf Drilling International Holdings, Ltd. - M&A CallWed, Sep 12, 2012
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Transocean's CEO Discusses Q4 2011 Results - Earnings Call TranscriptMon, Feb 27, 2012 • 1 Comment
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Transocean CEO Discusses Q2 2011 Results - Earnings Call TranscriptThu, Aug 4, 2011
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Transocean CEO Discusses Q1 2011 Results - Earnings Call TranscriptThu, May 5, 2011
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Transocean CEO Discusses Q4 2010 Results - Earnings Call TranscriptThu, Feb 24, 2011
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Transocean Ltd. Q2 2010 Earnings Call TranscriptFri, Aug 6, 2010
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Transocean Ltd. Q1 2010 Earnings Call TranscriptSat, May 8, 2010
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Transocean Ltd. Q4 2009 Earnings Call TranscriptWed, Feb 24, 2010
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Transocean Ltd. Q3 2009 Earnings Call TranscriptWed, Nov 4, 2009
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at Fox Business (May 23, 2013)
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Marketwire (May 17, 2013)
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at MarketWatch.com (May 16, 2013)
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at CNBC.com (May 16, 2013)
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at CNBC.com (May 15, 2013)
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at MarketWatch.com (May 13, 2013)
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Marketwire (May 13, 2013)
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at Fox Business (May 10, 2013)
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at CNBC.com (May 9, 2013)
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at CNBC.com (May 8, 2013)
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Marketwire (May 8, 2013)
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at MarketWatch.com (May 8, 2013)
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Marketwire (May 3, 2013)
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at MarketWatch.com (Apr 22, 2013)
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at CNBC.com (Apr 15, 2013)
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at CNBC.com (Apr 3, 2013)
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at CNBC.com (Mar 27, 2013)
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at CNBC.com (Mar 25, 2013)
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at CNBC.com (Mar 20, 2013)
RIG vs. ETF Alternatives
Company Description
Transocean Ltd. (together with its subsidiaries and predecessors, unless the context requires otherwise, "Transocean," the "Company," "we," "us" or "our") is a leading international provider of offshore contract drilling services for oil and gas wells. As of February 3, 2009, we owned, had... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, February 14, 12:20 PM A federal judge in New Orleans approves Transocean's (RIG +2.8%) $400M criminal settlement with the Justice Department over the 2010 Gulf of Mexico spill, accepting a guilty plea to one criminal misdemeanor violation of the Clean Water Act for failing to properly monitor the well at the time of the blowout. Comment! [Energy, On the Move]
- Tuesday, February 12, 6:16 PM Oceaneering International (OII) says it's secured contracts with a subsidiary of Transocean (RIG) to provide three subsea blowout preventer control systems. The contracts will add over $40M to OII's Subsea Products backlog. Comment! [Energy]
- Friday, February 8, 3:33 PM Transocean (RIG) and federal prosecutors urge a judge to accept the driller’s deal to plead guilty to a misdeameanor charge of violating the Clean Water Act over its role in the 2010 Gulf of Mexico oil spill and pay more than $1.4B in fines. RIG "accepts responsibility for the criminal conduct” targeted by the plea, the company’s lawyers say. Comment! [Energy]
- Thursday, February 7, 3:23 PM Barclays analysts downplay the impact of the safety notice on offshore drillers ordering inspection of subsea equipment on some Gulf of Mexico drilling rigs for faulty bolts. "While this event poses additional downtime risk for these drillers, we believe the downtime would be limited and can be often mitigated through the course of normal operations," the firm says. 7 Comments [Energy]
- Wednesday, February 6, 3:17 PM Shares of oil and gas drillers slide to session lows following a Bloomberg report that drilling regulators had directed offshore operators to halt work on some oil and gas wells in the Gulf of Mexico after discovering faulty bolts on equipment used to prevent blowouts. Replacing all bolts on blowout preventers could cost millions, Rowan (RDC) CEO Matt Ralls says. 12 Comments [Energy]
- Tuesday, February 5, 3:53 PM Transocean (RIG -0.3%) offers an optimistic outlook at the Credit Suisse Energy Summit, noting improvement in the rig market in the last 12-18 months. RIG sees an $8.6B backlog in 2013 from continuing operations, including $7.6B in ultra-deepwater drillships. RIG says it is focused on improving operating results by improving revenue efficiency and out-of-service time. 1 Comment [Energy]
- Monday, January 28, 10:41 AM So who's a bully now? Carl Icahn steps up as the friend of Transocean (RIG +1.7%) investors as the drilling rig contractor's largest shareholder, offering the hope of a $4/share dividend (it's now $0). Under Swiss law, a shareholder has the right to propose a dividend at a company's annual meeting, and if a majority of shareholders support it, the dividend is declared with or without board support. Comment! [Energy, On the Move]
- Friday, January 25, 5:57 PM Transocean (RIG) +2.5% AH after Carl Icahn calls for a $4/share dividend and says he will propose the dividend at the next meeting if RIG's board doesn’t act. Icahn now owns a 5.6% in the offshore rig contractor, but says in the SEC filing that nothing should be construed as an intention to launch a takeover. 1 Comment [Energy, On the Move]
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Friday, January 25, 5:56 PM
After-hours top gainers, as of 5:15 p.m.: KRO +5%. AUMN +5%. LRN +3%. PHH +3%. RIG +2%.
After-hours top losers: TEX -7%. MCP -6%. OSK -6%. LVNTA -5%. SIVB -4%. Comment! [On the Move] - Friday, January 18, 12:52 PM Transocean's (RIG) Q4 EPS estimate and share price target are raised by RBC, which views recent downtime trends as an encouraging development that may add an upward bias to the firm's conservatively modeled utilization estimates. Expected downtime fell by 48 days for FY 2013, continuing the positive trend evident in the last several fleet status updates. Comment! [Energy]
- Wednesday, January 16, 9:59 AM 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. 1 Comment [Energy]
- Tuesday, January 15, 10:18 AM Carl Icahn, in becoming a top Transocean (RIG -0.5%) shareholder, may seek to resume dividends or push toward restructuring the company as an MLP, but analysts doubt either will be achieved this year. A dividend isn't likely to be added as long as Macondo issues aren't yet fully resolved, and it is unclear how RIG would fare through a complete drilling cycle in an MLP structure. Comment! [Energy]
- Monday, January 14, 12:39 PM Simmons analysts see "one glaring catalyst" that likely explains Carl Icahn’s attraction to Transocean (RIG +1.7%): the prospect of extracting or accelerating a cash distribution yield out of RIG now that the Gulf spill overhang has been largely mitigated. RIG has ~$14B in debt and $6B in cash on the books, which the firm says offers ample flexibility to draw back to a targeted cash balance ~$1.5B after the DoJ settlement. 1 Comment [Energy, On the Move]
- Monday, January 14, 4:16 AM Transocean's (RIG) management could be facing an attempt at a shake-up after Carl Icahn acquired a 1.56% stake in the rig operator and said he is looking to receive regulatory approval to acquire stock worth over $682.1M. That would give the activist investor a holding of just above 5% and turn him into one of Transocean's largest shareholders. (PR) Comment! [M&A, Energy, Top Stories]
- Friday, January 4, 2:05 PM Transocean (RIG +4%) moves higher for a second day as a "significant valuation recalibration" is in order for shares now that most of the uncertainty about potential Deepwater Horizon liabilities has been resolved. RIG shares that lost half their value since the April 2010 blowout are undervalued and "highly attractive" at current prices, Barclays says. The settlement also could bode well for BP (BP +1%). 1 Comment [Energy, On the Move]
- Thursday, January 3, 4:31 PM Transocean's (RIG +6.4%) settlement with the DoJ is a "welcome surprise" for investors worried its Gulf spill-related liability could grow and "should give ratings agencies more comfort in rating RIG's debt," Wells Fargo says. Analysts also say the settlement could be a positive for BP (BP +2%) because it doesn't include language that RIG was grossly negligent in connection with the spill. Comment! [Energy]
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Mercy Jimenez
Glad not doing business in Brazil anymore now GOOG chief detained (B4 17 CVX+RIG execs) invest Brazil anyone? http://on.wsj.com/VNZe69 - View all 17 replies
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Mercy Jimenez: mrj2119 true + Lula was mentor 2 Rouseff; just don't recall seeing antics like detention of 18 foreign execs + w/drawal of mining rights
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Mercy Jimenez: Although I do recall Lula's targeted tax cuts but always w/ fiscal stability +continuity of Cardoso policies = increased investor confidence
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The Oxen Group
$RIG - Adding short on market close with 1.5% and 3% profit targets on $GS upgrade. $GS History shows that Neutral to Sell is sell signal. - View all 0 replies
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Mercy Jimenez: DAG --RIG was just made public 9/10/12; agree change of CFO can be OK; 4me personally ALSO didn't like asset flows in/out of subs like NATDF
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Stone Fox Capital
Wow... $RIG sold the rigs below the carrying value. Doesn't sound like a great deal. - View all 4 replies
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Mercy Jimenez
1 of 17 CVX/RIG execs detained in Brazil for small oil spill today allowed 2 post bond; where's media outrage for others detained by Brazil? - View all 7 replies
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Mercy Jimenez: Agree Michael; what gets me is that PBR has had dozens of similar spills but NO penalties and NO detention; I have better places to invest$
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