Transocean Earnings Climb

Transocean Earnings Climb

There are 3 comments on the story from Aug 2, 2007, titled Transocean Earnings Climb. In it, reports that:

Two weeks after unveiling a planned merger of the two companies, offshore drillers Transocean and GlobalSantaFe both reported strong second-quarter earnings growth that beat out analyst expectations.

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Chesterfield, UK

#1 Aug 3, 2007
Great merger with special dividend, WHY has stock dropped like a stone since record profits were announced?

Miami, FL

#2 Aug 6, 2007
It defies everything thought I knew about the market, due diligence and good stocks.

The best in its field, rigs booked solid 5 years out, profits up almost 100%,$33 dividend !!!! and now pulls back steadily with a minor drop in oil prices?

No end in sight either,

I'm long on 110$ calls, Took a nice profit at one point, got back in lower and now in the "house of pain" down 50%.

This sucker has got to go up if quality means anything. If it doesn't then might as well go play the lotto.

Chesterfield, UK

#3 Aug 8, 2007
seems to have turned now and hopefully continues up. Many sectors were hit due to financial mess with hedge funds etc. scaring investors . Some profit taking and some pulling out cash to meet calls which went wrong.
Hope you get back the cash you dropped Hyrdflyr.

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