Rigged market

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Rigged market

Manipulation of prices in a market to attract buyers and sellers.

Rigged Market

An illegal act or practice in which a person or company causes a price to be more favorable to an investor than market forces really justify. Rigged markets exist in order to attract investors to a company or project, but it is often not sustainable and in any case dupes the investor. There are a variety of ways to create a rigged market. See also: Price Manipulation.
References in periodicals archive ?
President and COO, Bob Geddes states, "In accelerating the build-out of the industry's most advanced automated rig, Ensign entrenches its position as a leader in directional drilling of deeper and more challenging resource plays.
Comprehensive data of currently deployed offshore rigs, by rig type
There were eight active rotary rigs in Alaska as of July 2005, compared to 11 rigs just one year prior.
In the Gulf Coast, offshore oil rigs have been converted to artificial reefs, and the program has been considered a success by fish and game officials in Florida and Texas.
After the P-36 oil rig accident, Petrobras CEO Henri Philippe Reichstul was called before the Brazilian Senate.
The 10 largest commercial real estate organizations are networked into CoStar, according to a RIG spokesman, and it is accessed more than 220,000 times a month by more than 15,000 commercial real estate professionals with $1 billion in transactions every four days, the company says.
The study, which is an offering from the company's Energy Research Group, provides an in-depth analysis of the global offshore rig construction market and highlights various concerns, key trends and challenges, along with major companies in the industry.
The study, which is an offering from the company's Energy Research Group, provides an in-depth analysis of the global offshore rig construction market and highlights the various concerns, key trends and challenges affecting the offshore rig construction industry, along with leading global companies in offshore rig construction.
Where more complex well drilling requirements are increasing, rig fleets will need to modernise to maximise the efficiency of drilling operations.
The Baker Hughes North American Rotary Rig Count is a count of drilling rigs that are actively searching for or developing oil and natural gas throughout the United States and Canada.
The impact caused the big rig to veer into a dirt embankment and flip over, officials said.