The Motley Fool Discussion Boards

Previous Page

Stocks T / Transocean Offshore Inc.


Subject:  Cramer: Transocean Faces Tough Sailing Date:  12/4/2008  12:50 PM
Author:  bobbychampagne Number:  1110 of 1155

I am very confused by a comment made on Jim Cramer's blog at regarding RIG. In the blog he states:

"RIG's got contracts out until 2012 that have gigantic day rates. These are hard contracts to get out of, but I have to believe that some of them have been rented by the ubiquitous hedge funds hoping to scalp a gain and sell them to others, and certainly some are just rented by gunslinger companies that are running out of money at these prices."

Can someone decipher &quo