Offshore Drillers Refinancing
Aug 2nd, 2007 | By Dan Amoss | Category: Oil
Offshore drilling stocks are cheap. At least that’s what the management teams of Transocean (RIG) and GlobalSantaFe (GSF) think. Last week, the two agreed to merge in a deal that will create a company with a combined market capitalization of about $48 billion.
There are lots of good reasons for this ...read more
