Transocean new contracts associated with cont ops totaling $10.2B in Q3 These were secured in the Fleet Status Report periods July 18 - Oct. 17. Backlog from continuing operations was $29.7B at Oct. 17, a net increase of $8.3B.
Transocean downgraded to Market Perform from Outperform at Cowen As previously reported Cowen downgraded Transocean to Market Perform from Outperform. The firm downgraded shares given the current market weakness, relatively older fleet and below average contracts for the next two years. Price target lowered to $30 from $39.