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These Offshore Drillers Have Exposure to Petrobras

After Transocean (RIG) was caught up in the Petrobras (PBR) corruption investigation, Credit Suisse analyst Gregory Lewis and team take a look at the offshore drillers that have exposure the Brazilian oil giant and find Diamond Offshore Drilling (DO), Seadrill (SDRL) and Ensco (ESV), among others. They explain:

European Pressphoto Agency

According to Bloomberg, Transocean has been linked to the Petrobras Carwash corruption investigation. The stock proceeded to drop ~10% before closing down ~5% on the day. We note none of the testimony...


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