The
Macondo
charge,
signalling
a
potential
settlement
with
well
operator
BP,
sent
shares
of
Transocean
soaring
after
earnings
were
released
on
Monday.
By
midday,
on
27
February,
shares
in
the
rig
giant
were
up
by
more
than
5%
and
shares
continued
to
trend
upward
at
press
time.
Overall,
Transocean
posted
a
net
loss
of
$6.12
billion,
or
$18.62
per
share,
for
the
fourth
quarter
of
2011,
compared
with
a
net
loss
of
$799
million,
or
$2.51
per
share,
for
the
same
period
in
2010.
Fourth-quarter
2011
results
also
included
an
estimated,
non-cash
charge
of…