NYSE:RIGEnergy Services
What Transocean (RIG)'s Larger Loss and New Share Shelf Could Mean for Shareholders
Transocean Ltd. recently reported a net loss of US$938 million for the second quarter and filed a US$44.96 million shelf registration for 16,000,000 registered shares related to an employee stock ownership plan.
This marked a considerable increase in losses compared to the previous year, and the shelf registration could signal potential future share dilution, capturing investor attention.
Given these developments, we will explore how the much larger net loss and the new equity shelf filing...