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Non-Tech : Kirk's Market Thoughts
COHR 175.60+3.0%3:59 PM EST
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To: Gottfried who wrote (2778)2/10/2015 11:55:11 AM
From: Jerome  Read Replies (2) of 26788
 
Hi Gottfried.....misinformation seems to be the order of the day.
blogs.barrons.com
Transocean: Old Rigs, Looming Dividend Cut Mean Time to Sell
Since Transocean has already scheduled the $.75 dividend for February the next dividend after that is in May and it would require a vote of the shareholders (Swiss Law) to take effect.

But Transocean does give monthly up dates and in January I noted that the day rates showed only a modest decline. From the company web site:

Transocean Searcher - Awarded a one well contract in the Norwegian sector of the North Sea at a dayrate of $340,000 ($14 million estimated backlog). The rig`s prior dayrate was $368,000.
The other news is that out of service time for the rigs of Tansocean is decreasing.
Estimated 2014 planned out-of-service time decreased by a net 66 days. Estimated 2015 planned out-of-service time decreased by a net 30 days.
Now Barrons is the author of the top headline and perhaps as you suggested they may have a different agenda. Misinformation is now part of the business program. Like those web sites that intentionally direct to a site you are not interested in.
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