Tue, Sep 30, 2014, 7:33 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Transocean Ltd. Message Board

  • reality90210 reality90210 Nov 4, 2011 12:01 AM Flag

    Why Transocean will no longer command the prices it did in the past

    First of all, I admit that I was a Transocean shareholder until recently.
    I took a loss and moved on..

    Here's why I feel one should cut their losses
    1. Aker drilling: Should never have purchased it
    2. 1B dividend: should have used it to update their fleet
    3. Contract with BP: It's not as iron clad as RIG wants you to believe. Remember a contract is not necessarily valid if RIG didn't provide a sea worthy vessel. The government investigations did find that RIG was negligent in maintaining its vessel the Deepwater Horizon. in addition, RIG was quick to claim insurance losses on it. It is similar to renting a shiny car with no safety belts. The rental company bears some responsibility and would need to be REGULATED
    4. Costs to bring up its fleet to new safety regulation levels in GOM are expensive.
    and the BIGGEST reason...

    Who hired this USED CAR SALESMAN ? ....http://www.youtube.com/watch?v=QtU59VBw_LA
    He needs to GO !

    SortNewest  |  Oldest  |  Most Replied Expand all replies
31.97-0.62(-1.90%)Sep 30 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.