Wed, Jul 30, 2014, 5:49 AM EDT - U.S. Markets open in 3 hrs 41 mins

Recent

% | $
Click the to save as a favorite.

Transocean Ltd. Message Board

  • cuiosity99 cuiosity99 Feb 20, 2013 8:21 PM Flag

    Will Phase 1Trial Publicity Impact Share Price?

    There are more and more articles with lots of quotes and speculation coming out as the 2/25 Deepwater Horizon Phase 1 civil trial approaches. (Today's Bloomberg story focusing on HAL's defenses is a good example.) Publicity will surely intensify next week as things get underway, but even assuming it tapers off a bit the trial will continue for months, so the flow of newsworthy testimony will continue for a long time. I think RIG is well positioned for a tolerable result, and the main focus will surely remain on BP, but even so I'm wondering if (or how much) this publicity will be a drag on RIG's share price.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Looks like there's a publicity pattern in place after 4 days of trial. It consists of daily reports of witness testimony that highlights the blameworthy conduct of BP (which BP pretty much admits while making the point that it wasn't the only naughty defendant) and to a lesser extent the substandard performance of RIG and HAL (which they pretty much have to admit as well, while saying that their fault pales beside that of BP because they were only contractors but BP was the "operator" of the well with responsibility and control over all the activities associated with the drilling project). As the trial will go on for months, the daily flow of news like this will continue, creating uncertainty and anxiety regardless of how the cumulative testimony really impacts RIG's trial/defense strategy. So I foresee RIG's share price lanquishing for a while. JMHO.

    • RIG has more liability moronic board member

      Sentiment: Sell

    • Trial started today with significant press coverage. Share price dropped. Coincidence?

    • I hear that one of BP's legal strategies in court will be to try and shift some blame toward the contractors including RIG. Don't know how effective that will be.

 
RIG
41.41-0.07(-0.17%)Jul 29 4:02 PMEDT

Trending Tickers

i
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.