From TokenPost · · 40s
Transocean Shares Rise 4.8%
Transocean shares climb 4.8% after U.S. Gulf contracts boost backlog.
In brief
Transocean shares climb 4.8% after U.S. Gulf contracts boost backlog. Transocean Ltd. shares rose 4.8% to $5.89, finishing above their 20-session Bollinger band following two U.S. Gulf contracts worth $550 million. Originally reported by TokenPost.
Transocean Shares Rise
Transocean Ltd. shares rose 4.8% to $5.89 at Monday’s close, finishing above their 20-session Bollinger band.
U.S. Gulf Contracts Announced
Transocean announced two U.S. Gulf drillship awards representing $550 million in firm backlog.
Contract Details
The Deepwater Proteus covers 10 wells and 700 days of work with $325 million backlog, while the Deepwater Conqueror covers five wells and 450 days with $225 million backlog.
What matters most
Transocean Ltd. shares rose 4.8% to $5.89, finishing above their 20-session Bollinger band following two U.S. Gulf contracts worth $550 million.
