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Stock Market & Financial Investment News

News Breaks
January 25, 2013
17:13 EDTRIGIcahn reports 5.61% stake in Transocean, urges $4.00 per share dividend
Icahn acquired the shares in the belief that they were undervalued at current levels. Icahn has had conversations with management of Transocean and intends to have further discussions with management. Icahn strongly believes that Transocean should return capital to shareholders and should declare a dividend of at least $4.00 per share. Icahn notes that under Swiss law and the Issuerís Articles of Association, a shareholder has the right to propose a dividend at a companyís annual meeting, and if a majority of shareholders support the proposal, the dividend is declared, whether or not the companyís board supports such proposal. If Transoceanís Board does not declare a dividend of at least $4 per Share, Icahn currently intends to propose a dividend of $4 per share at the 2013 Annual Meeting and have every hope and belief that a majority of shareholders will support it. In addition to conversations relating to capital allocation and shareholder value, Icahn plans to have additional discussions with management to discuss the Transoceanís business and strategies, as well as the possible addition of shareholder selected nominees to the Board of Directors.
News For RIG From The Last 14 Days
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May 21, 2015
11:05 EDTRIGStocks with call strike movement; RIG VALE
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May 20, 2015
17:04 EDTRIGBP to pay Transocean $125M in compensation for legal fees
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17:03 EDTRIGTransocean reaches settlement agreements with BP, PSC
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11:43 EDTRIGStocks with call strike movement; RIG DAL
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May 19, 2015
10:33 EDTRIGStocks with call strike movement; TWTR RIG
Twitter (TWTR) September 41 call option implied volatility increased 3% to 42, Transocean (RIG) August 22 call option implied volatility increased 7% to 46 according to IVolatility.
10:13 EDTRIGTransocean drops sharply in early trading
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07:31 EDTRIGUBS to hold a conference
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May 18, 2015
16:56 EDTRIGTransocean provides fleet summary update
Transocean issued a monthly Fleet Update Summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since the April 16, 2015 Fleet Status Report. The total value of new contracts since the last report is approximately $52M. The report includes the following: GSF Development Driller II - Awarded a contract extension for approximately 100 days offshore Romania at a dayrate of $315,000 ($28M estimated backlog). GSF Rig 140 - Awarded a contract extension for approximately 120 days offshore India at a dayrate of $156,000 ($19M estimated backlog). Sedco Express - Awarded a contract extension for 18 days offshore Nigeria at a dayrate of $300,000 ($5M estimated backlog). The Transocean Marianas, GSF Celtic Sea, and M.G. Hulme, Jr. are idle. Estimated 2015 out-of-service time decreased by a net 27 days. As announced on May 7, 2015, the company has amended its construction contracts with Keppel FELS to further delay the delivery of its five newbuild high- specification jackups. This is in addition to the six-month delay announced in February 2015.
16:00 EDTRIGOptions Update; May 18, 2015
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11:15 EDTRIGStocks with call strike movement; CHK RIG
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May 15, 2015
16:31 EDTRIGTransocean declares dividend of 60c per share
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10:45 EDTRIGStocks with call strike movement; CHK RIG
Chesapeake (CHK) October 17 call option implied volatility increased 2% to 45, Transocean (RIG) August 21 call option implied volatility increased 4% to 42 according to IVolatility.
05:50 EDTRIGStocks with implied volatility movement; YOKU RIG
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May 13, 2015
12:01 EDTRIGStocks with call strike movement; TWTR RIG
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May 12, 2015
12:13 EDTRIGStocks with call strike movement; AAL RIG
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May 11, 2015
14:10 EDTRIGBOEM conditionally approves revised Shell Chukchi Sea drilling plan
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11:40 EDTRIGStocks with call strike movement; CHK RIG
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