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Friday, 08/21/2020 2:33:32 PM

Friday, August 21, 2020 2:33:32 PM

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Wow. Getting trashed today on an article.

Transocean Is a Market Leader. Declaring Bankruptcy Could Help It Stay One, Analyst Says.
Barrons.com
Avi Salzman
,Barrons.com•August 21, 2020
Bankruptcy may be associated with business failures, but for one big offshore driller, it may be the smartest route to success, according to one analyst. (RIGN) the U.S. market leader in offshore floating drilling rigs, has $7.1 billion in net debt, while its market value is just under $1 billion. The company should declare bankruptcy so that it has a chance to reduce its debt burden and protect its market position, argues Bernstein analyst Nicholas Green.

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