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Summary After the recent re-financing moves, the bankruptcy possibility looks now to be in the rearview mirror. The credit de-risking sent the stock a lot higher, but further growth should track closer the operational improvements in dayrates and utilization. The dayrate outlook is ...
Summary Following a multi-year hiatus, offshore energy appears to be going through an industrial rebirth. Driven by lax energy policy & geo-political tensions, energy prices are now supporting complex offshore campaigns. Noble Corporation, armed with a fleet of best-in-class UDW...
Summary Shares of Transocean have ripped higher to start 2023 and are up nearly 40% YTD. The company has been refinancing its debt to extend maturities. The backlog, which is over $8B, also continues to grow. The company does have a heavy debt load, but that means a greater potentia...
Contract drilling services company Transocean ( NYSE: RIG ) shares dropped 2% Wednesday morning after its subsidiary priced an offering of $1.175B of senior secured notes due 2030. The notes will be guaranteed by the parent company and certain of the unit's subsidiaries that guara...
STEINHAUSEN, Switzerland, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary has priced its previously-announced offering of U.S. $1.175 billion aggregate principal amount of senior secured notes due 2030 (the “No...
Contract drilling services company Transocean Ltd. ( NYSE: RIG ) unit Transocean Inc. has commenced a $1.75B senior secured notes offering due 2030. The notes will be guaranteed by the parent company and certain of the unit's subsidiaries that guarantee the existing 7.7...
STEINHAUSEN, Switzerland, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary has commenced an offering of U.S. $1.175 billion aggregate principal amount of senior secured notes due 2030 (the “Notes”) to eli...
Summary The Market's History After Negative Years is Usually Positive. What We Expect to Work in 2023: Industrials and Consumer Staples. Ideas that Intrigue us in 2023: Biotech and Oil Services. Brian Dress, CFA -- Director of Research, Investment Advisor. New ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips In a bull market, the rally in stocks is broad-based. Even fundamentally weaker stocks trend higher in sync with market sentiments. However, when there are multiple macroeconomic headwinds, it’s unlikely that the bull ma...
Summary Company raised $515 million in net proceeds from the issuance of new 8.375% Senior Secured Notes against the Deepwater Titan contract. Offering has apparently been met with strong demand as proceeds eclipsed the high-end of management's projections. Backlog continues to incr...
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STEINHAUSEN, Switzerland, May 01, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that its wholly owned and indirect subsidiary, Transocean Titan Financing Limited (the “Company” and, together with Transocean Ltd., “Transocean”), is solic...
Shares of H&E Equipment Services, Inc. (NASDAQ:HEES) fell sharply during Tuesday's session following mixed first-quarter results. H&E ...
2024-04-30 17:15:12 ET Image source: The Motley Fool. Transocean (NYSE: RIG) Q1 2024 Earnings Call Apr 30, 2024 , 9:00 a.m. ET Operator Continue reading For further details see: Transocean (RIG) Q1 2024 Earnings Call Transcript