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In this article we will check out the progression of hedge fund sentiment towards Transocean Ltd (NYSE:RIG) and determine whether it is a good investment right now.
Transocean's (RIG) share price goes up 13.3% despite the fourth-quarter loss being wider than the consensus mark.
In 1954, the company launched Rig 51, the first mobile jackup rig, in the Gulf of Mexico. In 1967, the Offshore Company went public. In 1978, SNG turned it into a wholly owned subsidiary. In 1982, it was changed to Sonat Offshore Drilling Inc., reflecting a change in its parent's name. William C. O'Malley, an executive at Sonat's headquarters ...
Transocean (RIG) closed the most recent trading day at $2.77, moving -1.07% from the previous trading session.
Nabors Industries Limited is an American global oil and gas drilling contractor that has operated since 1972. Based in Houston, Texas, Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet.
Seadrill is an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry.Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deep water in both benign and harsh environments.
Transocean (RIG) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.
Transocean's (RIG) Ultra-deepwater floaters contribute to 63.4% of its total contract drilling revenues in Q3 while Harsh Environment floaters add up the rest. Transocean (RIG) Stock Jumps 52.8% ...
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