Sell,buy or hold,Transocean Shares Rise As Co Looks Less Liable Than BP

source:wsj.com
NEW YORK (Dow Jones)--Shares of Transocean Ltd. (RIG) on Thursday recovered some of the battering they've suffered during the oil spill crisis in the Gulf of Mexico, as BP PLC (BP, BP.LN) executives faced a public grilling and it continued to look less likely Transocean would face similarly huge liabilities.

While Transocean was operating the Deepwater Horizon rig when it blew in late April, leading to the ongoing oil geyser in the Gulf, the well it was drilling was owned by BP and ...