Just listened to the Q3 conf. call. 2014 the margins will suck because of sales during the financial crisis will be delivered. We'll be under the bus for year(so to speak) until 2015 where we should see much improved margins. Not going to increase production until clearer picture evoles.
In July they said up 5%(43 million shares) or $2 billion max...no problem these days getting to 5% with $2 billion. LOL!
It looks like a big seller is moving out of their position. Stock trades fine in small lots and then someone drops a load on it. I wish they get finished and get out of here.
Rueters:Nov 21 (Reuters) - Transocean Ltd attached some hardnumbers to industry concerns about near-term slack in the demandfor deepwater oil and gas drilling, saying its rigs wouldrepresent more than a third of those seeking work in 2014.
Shares of Transocean, owner of the world's largest offshoredrilling fleet, fell 3.7 percent to $51.92 in early trading onThursday.
Transocean executives told analysts at a meeting in New Yorkthat 14 Transocean deepwater rigs would be available in 2014 outof a total of 39 industry-wide. Both figures are unusually high.
Among rivals, Ensco Plc will have eight rigsavailable and Seadrill five, Transocean said.
This same story just hit my news feed. There is hope so I'm surprised POT sold off from opening prices. MOS is selling off too. I hope things get better soon. This is not fun for the bulls.
Basically EEP gets $339 million to play with for the MEP assets. More on the spinoff here:
Shell’s (RDS.A, RDS.B) resource depth and breadth, technology leadership, ability to cover both organic capital spending and a growing dividend also earn it an Outperform rating; the firm also believes capital
allocation concerns are overdone.
We'll see. I was just tweeting with the Financial Times writer. Says he just finished a new article...after the "pay witholding to Chinese". I haven't seen it yet on the FT site
I'm also trying to find a twitter acct for any of the authors of newspaper articles on Cooper/Apollo trial