Investors Shrug at Rumor Transocean (RIG) Has Put Mideast Rig Assets Up for Sale
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Price: $53.40 -0.37%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 6.5%
Revenue Growth %: -5.6%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 6.5%
Revenue Growth %: -5.6%
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Transocean (NYSE: RIG) shares relatively quiet following headlines from Reuters which suggest the company has put its Mideast rig assets up for sale. A source has said the company could raise $1 billion from the sale.
The Company might sell about 30 rigs, with PE firms Lime Rock Partners and Castle Harlan leading the bidding process.
Transocean has not commented on the rumor.
The stock is up 0.9 percent to $42.25 at last check.
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The Company might sell about 30 rigs, with PE firms Lime Rock Partners and Castle Harlan leading the bidding process.
Transocean has not commented on the rumor.
The stock is up 0.9 percent to $42.25 at last check.
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