Will Icahn Pursue Dividend Payment at Transocean?
Jan 14th 2013 3:00PM
Updated Jan 14th 2013 6:10PM
Today's announcement of Carl Icahn's 1.5% stake in Transocean , with intentions of acquiring more, spurred some upward movement in the share price. He made two prominent moves within the energy sector in 2012, and this is his first documented push of 2013. With the Deepwater Horizon settlement now behind it, for a lower settlement cost than the company had anticipated, will Ichan push for a dividend similar to some of Transocean's competitors? Check out the video below for Motley Fool energy analyst Taylor Muckerman's take on what this could mean for RIG investors.
When covering dividends in the offshore sector, Seadrill can not be overlooked. Its 9% yield adds significantly to its shareholders total return. To learn more about whether its strengths will allow management to maintain this yield, as well as what to expect from Seadrill going forward, be sure to check out this brand-new premium report put together by one of our top Stock Advisor analysts. Click here to get started.
The article Will Icahn Pursue Dividend Payment at Transocean? originally appeared on Fool.com.Taylor Muckerman owns shares of Ensco. The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill and Transocean and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.