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Stock Market & Financial Investment News

News Breaks
March 18, 2014
08:05 EDTRIGTransocean says GSF Development Driller I rig now idle
Transocean issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since February 18. The total value of new contracts since February 18's update summary is approximately $14M. Transocean indicated that its GSF Development Driller I rig in the U.S. Gulf of Mexico is now idle. The GSF Galaxy III was awarded an approximate two and one-half month contract extension for use as an accommodation unit in the U.K. sector of the North Sea at a dayrate of $180,000, or $14M estimated backlog. The rig's prior dayrate was $226,000, the company said. Estimated 2014 planned out-of-service time increased by a net two days. Shares of Transocean are down about 1% to $38.47 in pre-market trading following the fleet update.
News For RIG From The Last 14 Days
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July 31, 2015
13:36 EDTRIGTransocean volatility elevated into Q2 and outlook
TransoceaTransocean August weekly call option implied volatility is at 70, August is at 62, September is at 64; compared to its 52-week range of 21 to 87, suggesting large near term price movement into the expected release of Q2 results on August 6.
July 30, 2015
11:43 EDTRIGStocks with call strike movement; RRC RIG
Range Resources (RRC) January 47.5 call option implied volatility increased 6% to 54, Transocean (RIG) January 16 call option implied volatility increased 5% to 54 according to IVolatility.
July 29, 2015
11:18 EDTRIGStocks with call strike movement; FCX RIG
Freeport McMoRan (FCX) January 14 call option implied volatility decreased 4% to 55, Transocean (RIG) January 18 call option implied volatility decreased 2% to 52 according to IVolatility.
July 27, 2015
06:20 EDTRIGU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link

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