We recently published 10 Big Names Investors Are Dumping. Transocean Ltd. (NYSE:RIG) is one of the companies that heavily bled in Thursday’s trading. Transoceanic snapped a three-day winning streak on Thursday, slashing 13.19 percent to close at $3.16 apiece as investor sentiment was dampened by plans to raise $381 million through a discounted share sale. In an updated announcement, Transocean Ltd. (NYSE:RIG) said that it plans to issue 125 million shares at a price of $3.05 apiece, lower by 3.5 percent ...

Core Viewpoint - Transocean Ltd. is conducting a public offering of 125 million shares at a price of $3.05 per share, raising approximately $381.25 million in gross proceeds before expenses [1][3]. Group 1: Offering Details - The offering has increased from an initial proposal of 100 million shares to 125 million shares [1]. - Transocean has granted underwriters a 30-day option to purchase an additional 18.75 million shares at the public offering price [1]. - The offering is expected to close on September 26, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used primarily for the repayment or redemption of indebtedness, specifically a portion of the $655 million in 8.00% Senior Notes due February 2027 [3]. - Any remaining proceeds not used for debt repayment will be allocated for general corporate purposes [3]. Group 3: Underwriters - Citigroup and Morgan Stanley are serving as joint book-running managers for the offering [2]. - DNB Carnegie, Goldman Sachs & Co. LLC, and Wells Fargo Securities are also acting as joint book-running managers [2]. - SB1 Markets is participating as a co-manager for the offering [2]. Group 4: Company Overview - Transocean is a leading provider of offshore contract drilling services, focusing on ultra-deepwater and harsh environment drilling [6]. - The company operates a fleet of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh environment floaters [7].

With significant upside potential, Noble Corporation Plc (NYSE:NE) secures a spot on our list of the 11 Best Retirement Stocks to Buy According to Analysts. Noble Corporation Plc (NE)’s Denton Blake Sells 29,729 Class A Ordinary Shares at a Weighted Average Price of $29.78 Tyler Olson / Shutterstock.com On September 8, 2025, Noble Corporation Plc (NYSE:NE)’s Senior Vice President of the Marketing and Contracts segment, Denton Blake, sold 29,729 Class A Ordinary Shares at a weighted average price of $29. ...

Core Viewpoint - Transocean Ltd. plans to offer and sell 100,000,000 shares in an underwritten public offering, with an additional option for underwriters to purchase up to 15,000,000 shares [1][2]. Group 1: Offering Details - The shares are being offered at a par value of $0.10, and the offering is part of a shelf registration statement filed with the SEC [1][4]. - Citigroup and Morgan Stanley are acting as joint book-running managers for the offering [2]. - The net proceeds from the offering will primarily be used for the repayment of a portion of the $655 million aggregate principal amount of the 8.00% Senior Notes due February 2027 [3]. Group 2: Company Overview - Transocean is a leading international provider of offshore contract drilling services, focusing on ultra-deepwater and harsh environment drilling [6]. - The company operates a fleet of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh environment floaters [7].

STEINHAUSEN, Switzerland, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) announced today that it intends to offer and sell 100,000,000 Transocean shares, par value $0.10, in an underwritten public offering. All of the shares subject to the offering are being offered by Transocean. In addition, Transocean expects to grant the underwriters a 30-day option to purchase up to an additional 15,000,000 shares in the offering at the public offering price, less underwriting discounts a ...

Group 1: Company Overview - Seadrill Limited (SDRL) is positioned as a prime acquisition candidate in the consolidating offshore drilling industry, with its CEO indicating openness to a deal [2] - The company owns 16 deepwater drillships, which could significantly influence industry leadership depending on the acquirer [2] - Seadrill trades at just 17% of replacement cost, with an enterprise value (EV) of $2.23 billion, indicating substantial upside potential if rigs are effectively utilized [3] Group 2: Potential Acquirers - Transocean (RIG) is viewed as the most likely acquirer, with management suggesting they could absorb SDRL's assets at minimal incremental cost, potentially creating at least $150 million in annual synergies [2] - Valaris (VAL) is another potential contender, having halted buybacks to preserve cash, which may lead to significant dilution for warrant holders if they pursue Seadrill [3] - Noble is considered an unlikely buyer following its acquisition of Diamond Offshore [3] Group 3: Market Dynamics - The offshore drilling sector is experiencing tight oil supply and a lack of new rig builds, positioning drillers for outsized cash flows [4] - Transocean is currently trading at a 30% premium to peers, reflecting its market leadership and higher-spec assets [4] - Investors face a complex trade-off among Seadrill's acquisition potential, Valaris's dilution risk, Noble's reliable dividends, and Transocean's leverage in the market [4] Group 4: Industry Sentiment - The offshore drilling consolidation story is gaining attention, with a bullish outlook on Seadrill reflecting broader trends in the oilfield services space [5] - The stock price of Precision Drilling Corporation (PDS) has appreciated approximately 33.61% since previous coverage, indicating positive sentiment in the sector [5]

Group 1 - Vantage Drilling International Ltd. announced the full redemption of $65,145,000 principal amount of its 9.500% Senior Secured First Lien Notes maturing in 2028 at par, along with accrued and unpaid interest [1] - The redemption was funded through proceeds from the sale of the Tungsten Explorer [1] Group 2 - Vantage Drilling International Ltd. is an offshore drilling contractor based in Bermuda, primarily engaged in contracting drilling units and related services on a dayrate basis for oil and gas wells globally [2] - The company also provides management services for drilling units owned by others [2]

Company Overview - Vantage Drilling International Ltd. is an offshore drilling contractor based in Bermuda, primarily engaged in contracting drilling units, related equipment, and work crews on a dayrate basis for oil and natural gas wells globally [2]. Upcoming Events - The annual general meeting of Vantage Drilling International Ltd. is scheduled for 16 October 2025 at 11:00 a.m. Atlantic Time, to be held at the law offices of Conyers Dill & Pearman Limited in Bermuda [1].

Group 1 - A class action has been filed on behalf of investors who purchased Sable Offshore Corp. (NYSE: SOC) securities between May 19, 2025, and June 3, 2025, and/or traceable to the Company's May 21, 2025 secondary public offering [1] - The allegations state that Sable Offshore Corp. misled investors by claiming that oil production had restarted off the coast of California when it had not [2] - The complaint indicates that investors suffered damage when the true details regarding oil production were revealed [2] Group 2 - Shareholders interested in serving as lead plaintiff must submit their papers by September 26, 2025 [3] - Participation in the class action is not required to be eligible for recovery; shareholders can remain absent class members if they choose [3] - Robbins LLP operates on a contingency fee basis, meaning shareholders pay no fees or expenses [4]

Company Overview - Valaris is the largest offshore driller with a fleet of 48 rigs, including 13 high-specification drillships, 2 semisubmersibles, and 33 jackups [3] - The fleet is characterized by high specification, with 12 out of 13 drillships being seventh-generation assets, representing the highest concentration of high-spec drillships in the industry [3] Market Position - The quality of the fleet is crucial in the offshore drilling business, as evidenced by the contracting trends over the past year [3] - Dayrates for seventh-generation drillships have been approximately 25% higher than the general market, and their utilization rates have been about 10 percentage points higher than the overall market [3]