Transocean Ltd. (RIG): It's too early to let that enter the equ...

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Porgie Tirebiter

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Porgie Tirebiter

Re: grapeman post# 408

Wednesday, 05/05/2010 2:54:55 PM

Wednesday, May 05, 2010 2:54:55 PM

It's too early to let that enter the equation. I mean, Transocean's underwriters might sue BP or Haliburton for losing the rig, who knows?

This will all come out in the investigation, and that will take many months.

Right now this is in play because of the sharp loss in market cap. I've made some good money here, but watched some of that fade away. I'm selling at $72.76, and it looks like it may go within the next few minutes.

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