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Indictments Against Transocean & Chevron

Thursday, 22 Dec 2011 | 2:52 PM ET

An oil spill off Brazil's coast last month has provoked indictments against Transocean and Chevron execs. 'To me, this is noise, and we're more believers in the sector and the operational turnover that Transocean has in front of it,' says Collin Gerry, Raymond James oil analyst.