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Shares of Transocean were in focus on Thursday after activist investor Carl Icahn slashed his position in the offshore drilling rig company.
Transocean (RIG) stock was rising on Thursday following an output agreement between OPEC producers despite activist investor Carl Icahn reducing his stake in the company late yesterday.
The billionaire raider-turned activist said that the offshore driller's CEO and his team have done an "outstanding job given the challenging environment."