Shares Of Transocean Plunge After A Report About One Of Its Rigs Sinking

Shares of Transocean — remember them from the Gulf blowout? — are tanking right now on a vague report about a rig in Africa possibly sinking. Here’s the report, via ZeroHedge.

Meanwhile, some Bloomberg headlines are hitting the wires, saying that there was a “water ingress”, but that the rig was stable, according to the company.


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