- Zacks•2 days ago
It was a week where oil prices halted its losing streak but still remained below $50-a-barrel. On the other hand, natural gas futures settled lower on bearish weather revisions.
- American City Business Journals•2 days ago
Transocean Ltd. (RIG), which is based in Switzerland but has its U.S. corporate office in Houston, is selling off some of its drilling rigs for $1.35 billion. Borr Drilling Ltd., an international drilling contractor in the oil and gas industry, plans to buy all of Transocean’s 15 high-specification jack-up rigs . The deal, which is expected to close before the end of May, includes the remaining contract backlog and remaining yard installments to Keppel Fels Ltd. for the five new-builds.
- Barrons.com•2 days ago
Yesterday, Transocean (RIG) announced that it was selling its shallow-water rigs to Borr Drilling for $1.35 billion. While much of the commentary has been on the fact that Transocean increased its available cash, there's more to the deal than just the need to raise cash. At least that's what management says, according a note from Jefferies analyst Eduardo Royes and team, who hosted a dinner with Transocean CFO Mark Mey and Vice P Resident of Investor Relations Brad Alexander.
RIG : Summary for Transocean Ltd (Switzerland) Co - Yahoo Finance
Transocean Ltd. (RIG)
NYSE - NYSE Real Time Price. Currency in USD
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|Day's Range||12.11 - 12.40|
|52 Week Range||8.34 - 16.66|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||5.94|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|