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Nope, incorrect as well -- the big runup

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Current Report Filing (8-k) Edgar (US Regulatory) - 12/18/2020 4:20:16 PM
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Transocean Ltd. Announces Cash Tender Offers GlobeNewswire Inc. - 10/13/2020 7:14:49 PM
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Transocean Ltd. Announces Final Results of Exchange Offers GlobeNewswire Inc. - 9/9/2020 9:37:44 PM
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Transocean Ltd. Announces Successful Court Ruling, Extension of Exchange Offers and Current Exchange Results GlobeNewswire Inc. - 9/8/2020 6:16:00 AM
Etsy, Teradyne and Catalent Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 PR Newswire (US) - 9/4/2020 6:02:00 PM
Automatic Shelf Registration Statement of Securities of Well-known Seasoned Issuers (s-3asr) Edgar (US Regulatory) - 9/4/2020 4:21:30 PM
Transocean Ltd. Announces Early Results, Extension of Early Tender Time, Amendment to Exchange Offers and Termination of Cons... GlobeNewswire Inc. - 8/24/2020 6:31:25 AM
TuMaRu   Saturday, 08/01/20 02:08:41 PM
Re: eastunder post# 3206
Post # of 3500 
Nope, incorrect as well -- the big runup Jun 1st week (or rather Jun 5th and 8th) for all stocks was due to the May jobs report and post-Memorial Day reopening announcements in many parts of the US. Nothing to do with OPEC which had already announced plans for cuts by that time.

OPEC maintained production cuts of 9.7 MBPD for 3 months after April price crash. Now starting Aug till end of 2021 per their announced plan, the cuts will be max 7.7 MBPD subject to change of course .

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