Offshore Drillers: Noble’s Incredible Shrinking Rig Rates; Trouble for Transocean?

Offshore drillers are navigating choppy seas today–and its not just Seadrill (SDRL) that has problems, as analysts reiterated sell ratings on Transocean (RIG) and Noble (NE) today. Bloomberg News The folks at Deutsche Bank worry about Transocean’s ability to fund its dividend, maintain capex and pay down debt: We commend Transocean for asking us to [...]