Transocean (RIG) - Get Transocean Ltd. Report shares were up 6.5% to $14 in early morning trading Thursday after the energy company reported fourth quarter earnings of 63 cents per share, well ahead of FactSet's consensus estimate of a loss of 4 cents per share. Revenue of $974 million also topped analysts' $744.2 million expectations. 

During the company's earnings call, CEO Jeremy Thigpen said that the company is actively looking to make merger and acquisition deals. 

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