A trio of factors drove the offshore driller's upward move.
News & Analysis: Atwood Oceanics
Find out how these winners have stayed under the radar -- for now.
ENSCO, Atwood Oceanics, and Noble Corporation stocks fell sharply in August on continued concerns about the near-term prospects for offshore drillers.
Atwood Oceanics and Multi-Color Corp posted big moves as indexes fell.
Ensco is ponying up $6.9 billion for Atwood.
The offshore driller is finally making a move after reporting its fiscal second-quarter results earlier this week.
The offshore driller wrote off the value of another rig, which it subsequently sold for the scrap value.
Hint: It rhymes with "crude oil prices."
The valuations for offshore rig companies suggest the industry is going to die. Is there any life in these stocks?
These beaten-down offshore drillers go head-to-head.