Transocean stock price steadies in premarket as RIG heads into earnings and Valaris deal scrutiny
Transocean shares slipped 0.1% to $6.53 in early premarket trading Tuesday ahead of fourth-quarter results due Feb. 19. The company recently agreed to acquire Valaris in a $5.8 billion all-stock deal, creating a 73-rig fleet. Transocean also secured a $184 million contract extension in Norway. Investors await details on contracting momentum and the impact of oil price swings.