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.
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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.
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