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Transocean's (RIG) share price goes up 13.3% despite the fourth-quarter loss being wider than the consensus mark.
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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. We at Insider Monkey like to ...
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 ...
Before the merger, the company bought back $1.3 million in stock in early 2019, having approved up to $25 million of buyback in 2018. After the mid-2019 merger, another $25 million buyback was approved, and the company purchased $24.9 in stock in late 2019. [3] Amplify's 2019 gross income was $275.6 million, versus $340 million in 2018.
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In 1975, after the 1973 oil crisis, John R. Blocker bought Choya Energy, a six-rig contract drilling company based in Alice, Texas, and renamed the company Blocker Energy. [2] In 1980, the company became a public company via an initial public offering. [3] In 1981 and early 1982, the company borrowed heavily to expand its fleet to 54 rigs. [4]
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