ORIG - Ocean Rig UDW Inc. New

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  • Paul Singer's Largest Sales of the 4th Quarter
    GuruFocus.com2 days ago

    Paul Singer's Largest Sales of the 4th Quarter

    Guru sells NXP, Ocean Rig

  • GlobeNewswire3 months ago

    Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.

    STEINHAUSEN, Switzerland, Dec. 05, 2018 -- Transocean Ltd. (NYSE: RIG) announced today that it has completed the acquisition of Ocean Rig UDW Inc. The acquisition adds nine.

  • Rigzone.com3 months ago

    Transocean Acquires Ocean Rig

    Transocean reports that it has completed its acquisition of Ocean Rig UDW Inc.

  • GlobeNewswire3 months ago

    Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd.

    Ocean Rig UDW Inc. (ORIG), (“Ocean Rig” or the “Company”), an international contractor of offshore deepwater drilling services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. (“Transocean”) by which, upon the closing of the merger, Ocean Rig will become a wholly-owned subsidiary of Transocean (the merger to form the “Combined Entity”).  Holders of 86.76% of the outstanding shares of Ocean Rig voted, of which 99.99% approved the merger.

  • Transocean closes $2.7B acquisition early
    American City Business Journals3 months ago

    Transocean closes $2.7B acquisition early

    Update: Transocean completed its acquisition of Ocean Rig UDW Inc. on Dec. 5, according to a press release. Switzerland-based Transocean Ltd. (NYSE: RIG), which has its main U.S. office in Houston, has cleared another hurdle in its latest acquisition.  Transocean shareholders approved the company’s acquisition of Cayman Islands-based Ocean Rig UDW Inc. (Nasdaq: ORIG) on Nov. 29.

  • Here is What Hedge Funds Think About Ocean Rig UDW Inc (NASDAQ:ORIG)
    Insider Monkey3 months ago

    Here is What Hedge Funds Think About Ocean Rig UDW Inc (NASDAQ:ORIG)

    A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]

  • Benzinga3 months ago

    Ocean Rig UDW's Q3 Earnings Preview

    Ocean Rig UDW (NASDAQ: ORIG ) will be releasing its next round of earnings this Tuesday, Nov. 13. For all of the relevant information, here is your guide for Tuesday's Q3 earnings announcement. Earnings ...

  • GuruFocus.com4 months ago

    Third Avenue Management Comments on Ocean Rig UDW

    In September Ocean Rig UDW (NASDAQ:ORIG), one of our two offshore drilling rig company investments, agreed to be acquired by larger industry peer Transocean Ltd at an approximate 30% premium to Ocean Rig's pre-announcement trading price. Although we believe the price paid was ultimately on the cheaper side, much of the price paid is in the form of Transocean common stock, which could provide additional upside should one want to continue to hold shares of Transocean. Ocean Rig is one of two oil service companies we purchased following their reemergence as publicly traded equities following their respective bankruptcy processes.

  • GuruFocus.com4 months ago

    Third Avenue Value Fund 3rd Quarter Letter

    For the three months ended September 30th 2018, the Third Avenue Value Fund (Trades, Portfolio) (the 'Fund') returned negative 0.47% compared to MSCI World Index, which returned 5.10%1. Year to date through September 30th, the Fund returned negative 1.35% compared to positive 5.89% for the MSCI World Index1. Fund performance continued to trail other relevant world indices in the most recent quarter and year to date period largely as a result of the Fund's absence of participation in the technology sector.

  • Transocean (Sort of) Turns a Profit. Is It Time to Buy This Incredibly Cheap Stock?
    Motley Fool4 months ago

    Transocean (Sort of) Turns a Profit. Is It Time to Buy This Incredibly Cheap Stock?

    You have to make a lot of adjustments for one-time expenses, but the parts of the business generating revenue reported a profit this past quarter.

  • Offshore drillers eye recovery by 2020
    Reuters4 months ago

    Offshore drillers eye recovery by 2020

    Transocean Ltd (RIGN.S), a top supplier of drilling vessels, said last month that rates for its new high-spec vessels in the North Sea are now fetching $300,000 a day. Transocean last year acquired rival Songa Offshore SE [SONG.UL] and recently agreed to buy deep water expert Ocean Rig UDW (ORIG.O) for $2.7 billion.

  • Reuters4 months ago

    Offshore driller Ensco to buy rival Rowan in $2.38 billion deal

    Offshore drilling, the worst hit during the 2014 slide in oil prices, is set to benefit as recent auctions and discoveries worldwide indicate a rising need for specialised drill ships. "We're starting to see a broad pick up in nearly all geographies and all market segments," Ensco Chief Executive Officer Carl Trowell told analysts on a call. The deal also expands Ensco's presence in the market for higher-specification rigs, which help operators drill in challenging conditions and also fetch higher rates.

  • Transocean’s Acquisition Is a Mixed Bag
    InvestorPlace5 months ago

    Transocean’s Acquisition Is a Mixed Bag

    Investors initially cheered the deal, bidding up RIG stock and Ocean Rig stock. On further inspection, Transocean may not be getting its money’s worth and there’s a lot to dislike about the buyout. In the end, the owners of RIG stock are getting a very mixed bag, indeed.

  • Reuters6 months ago

    Driller Transocean eyes improved lease rates, activity in 2019

    Offshore driller Transocean Ltd expects rates to lease drilling rigs to improve and contracting activity to pick up in late 2019, an outlook that drove its recent decision to purchase rival Ocean Rig UDW Inc for $2.7 billion, Chief Executive Officer Jeremy Thigpen said on Wednesday. Transocean on Tuesday agreed to buy Ocean Rig, marking its second major acquisition this year. The acquisitions signal an improved outlook for the offshore drilling sector which has been slow to recover from the 2014 oil price crash.

  • Company News For Sept 5, 2018
    Zacks6 months ago

    Company News For Sept 5, 2018

    Companies In The News are: ORIG,SWN,CRON,WPP

  • Investor's Business Daily6 months ago

    Oil Prices Rise On Gordon, Libya Unrest; Transocean Buys Ocean Rig

    Oil prices rose Tuesday as Tropical Storm Gordon barrels toward the Gulf Coast and disruptions in Libya sparked supply concerns and Transocean announced plans to buy a smaller competitor.

  • What Happened in the Stock Market Today
    Motley Fool6 months ago

    What Happened in the Stock Market Today

    On a day stocks edged lower, Amazon topped a trillion dollars in market capitalization, and Transocean announced acquisition plans.

  • Associated Press6 months ago

    Nike and JD.com slip; State Street and Ocean Rig UDW rise

    Stocks that moved substantially or traded heavily Tuesday: Nike Inc., down $2.60 to $79.60 Investors feared a backlash after the athletic apparel company announced an endorsement deal with former NFL quarterback ...

  • Motley Fool6 months ago

    Why Ocean Rig UDW Inc.'s Stock Is Soaring Today

    The offshore driller is joining forces with an industry giant.

  • Reuters6 months ago

    Transocean to buy Ocean Rig in $2.7 bln deal

    Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector. The acquisition signals new optimism for offshore drillers, which were hit hard by the steep plunge in oil prices from 2014. Offshore projects, which are more costly than onshore work and take years to develop, became less attractive after oil prices fell to below $30 a barrel in 2016.