Elliott Investment Management L.P. Adds $76M in Transocean Ltd. ($RIG)
Key Points
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Elliott Investment Management L.P. acquired a new position in Transocean Ltd. ($RIG), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,626,834 shares of Transocean Ltd.. Elliott Investment Management L.P.'s holdings in Transocean Ltd. were worth $76.42 million as of its most recent filing.
Transocean Ltd. Stock Down 15.7%
Shares of Transocean Ltd. ($RIG) traded around $4.89 on Sunday, down 15.7% for the day.
Transocean Ltd. Earnings
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About Transocean Ltd.
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Zug, Switzerland.
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