Transocean Says Rig Stable Now

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Transocean
RIG
just issued a report saying the rig in question is stable at this time. As such, shares are moving off the lows, with shares off $2.22 to $62.05, a loss of 3.45% after having been down much more than that after the rumor/news hit. In an interesting tidbit, John Paulson's Paulson & Co. is the second largest holder of RIG shares, owning over 24 million shares. Some guys just can't catch a break.
Posted In: NewsRumorsMoversEnergyJohn PaulsonOil & Gas DrillingPaulson & Co.
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