Jefferies Assumes Coverage on Transocean (RIG) at Buy; Operations Getting Better
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Jefferies Assumes Coverage on ENSCO International Plc (ESV) at Hold; Prefer NE & RIG
September 12, 2012 8:20 AM EDTJefferies assumes coverage on ENSCO International Plc (NYSE: ESV) with a Hold. PT $65.00.
"While there is some upside to shares, the popular ESV trade has worked very well since the group-wide rally that began in late-2Q on an appreciation for... More
Barclays Maintains an 'Overweight' on Transocean (RIG); On The Road To Recovery
September 11, 2012 2:24 PM EDTBarclays maintains an 'Overweight' on Transocean (NYSE: RIG) price target of $77.00.
Analyst, James C. West, sees Transocean making strategic moves to help the company go in the right direction. RIG confirmed it would see 38 shallow water drilling rigs to Shelf Drilling International Holdings, Ltd.... More
Market Wrap: GoDaddy.com Goes Down; U.S. Unloads More AIG; Will Apple Buy Pandora? Nah!; Merger Monday!
September 10, 2012 5:14 PM EDTMarket wrap-up for September 10th
End of the Day: Dow Jones down 52.4 to 13,254.29; S&P 500 down 8.8 to 1,429.08; Nasdaq down 32.4 to 3,104.02
The following is a brief summary of events moving markets today:Seemingly, a profitable investment: American International Group (NYSE: AIG) is lower Monday morning following a late-Sunday announcement that the U.S. is looking to sell another $21 billion of its stake in the insurer.
The sale would make the U.S. a minority shareholder for the first... More
Stocks Crossing 50-Day SMA 09/10: (ANR) (CTIC) (TSN) Above; (P) (RIG) (APOL) Below
September 10, 2012 3:41 PM EDTThe following is a list of stocks crossing the 50-day simple moving average (SMA) and are either above or below the metric. The 50-day is considered an indicator of a potential near-term trend formation.
Crossing and above:Alpha Natural Resources, Inc. (NYSE: ANR) - up 2.0 percent. Going on a four-session winning streak today. Continuing from a boost last week as Raymond James... More
Transocean (RIG) Was in Talks with U.S. for $1.5B Macondo Well Settlement; Updates on Market Outlook, Newbuilds
September 10, 2012 11:46 AM EDTTransocean (NYSE: RIG) made the following updates in an 8-K filed with the U.S. SEC earlier. Shares are down 2 percent on the session.
Potential Newbuild Drillships. Transocean Ltd. is currently in discussions with a major integrated international oil company for the construction of four dynamically-positioned, Ultra-Deepwater drillships. These newbuilds are expected to be of an enhanced DSME 12000 design and are expected to feature Transoceans patented dual-activity drilling technology with industry-leading hoisting capacity. Each newbuild is expected to be able to operate in water depths of up to 12,000 feet and... More
