Rigged market

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Rigged market

Manipulation of prices in a market to attract buyers and sellers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The nationwide active rig count was down one for the week ended Friday to 987, the lowest weekly rig count since it fell to 984 for the week ended March 9, 2018.
In November 2018, it declared the closing of its Kuwait land drilling rigs sale for USD123m in cash and an additional USD12m to be received in equal USD6 increments upon the delivery of two idle land drilling rigs from Iraq.
It can be a risky purchase if the history and maintenance of the drill rig aren't known.
Minister of State for Mines and Steel Development, Honourable Abubakar Bwari, who performed the commissioning in Abuja, said the rigs could go down to 1.5 kilometres, and could still do a lot of things apart from geological data.
For the quarter, they added 95 rigs, the most since drillers added 105 rigs in the first quarter of 2014.
"Asry's diversification into rig repair has continually proven to be one of the yard's most perceptive moves, with its revenue cycle complementing ship repair's cycle," stated Asry's chairman of the board of directors, Shaikh Daij Bin Salman Al Khalifa.
"This milestone is especially encouraging considering the enormous pressure the rig market is still under," added ASRY offshore services general manager, Rob Bryant.
The increased movement in rig repair market comes on the heels of an uncertain 2015.
Besides, he said, OGDCL had eight rented rigs operating at different oil and gas wells with contractors' own workforce and other resources.
Each author has apparently supplied his or her own photos and or illustrations, and they vary from great (diagrams of Foy rigs in "Performer Flying" and illustrations of truss in "Lighting Truss") to non-existent (in "Outdoor Roof Structures").
The latest rig was delivered to the client following the completion of the third and fourth rigs, the "Qarnin" and the "Marawwah" respectively, earlier this year.
As soon as we began prefishing, the power of the umbrella rig became evident.