Add a New Bears Reason

Company: Transocean (RIG)
Current price:
Headline: (100 character max)
12 votes

  Excess of purchased goodwill over the current market value of subsidiaries

As I understand it, the company has acquired $8bn of 'goodwill' from the subsidiaries it purchased at 2007 prices. The last time it did this it wrote of $6bn in 2002? and lost ($11) per share on the year.

Would be nice to think that it will take less than a year for the market to see reliable results and returns on this purchased goodwill.

(100 character max) Cancel
4 votes

  Oil Prices Down For The Long Haul

Demand for oil rigs is tied to demand for oil. The ongoing economic crisis has drastically pushed down demand growth for petroleum. Growth projections for China, who drove the recent spike in energy demand, have been downwardly revised multiple times. Even if prices don't fall further, oil futures paint a bleak picture for the future, expecting demand to recover at a snails pace. As the current crisis worsens, demand for oil rigs will continue to suffer.

(100 character max) Cancel
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki