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 ?
Contracts for two new state-of-the-art ADRA 1500S pad drill rigs for a major oil and gas operator in the Montney area of northeast British Columbia is signed by Ensign Energy Services Inc.
Analysis of the opportunities and challenges in the global offshore rig construction industry
Global Rig, headquartered in Bergen, Norway, has currently two rigs in operation and a third under construction.
Mark Carr, a professor at UC Santa Cruz - and member of the panel that conducted the study - said new findings suggest that oil rigs are good habitats for some species of rockfish.
Before the committee's preliminary report was released, Petrobras Services Director Antonio Menezes maintained that "the P-36 rig was well-designed, certified, seaworthy and safe.
The report also provides in-depth information on new build rig orders by major offshore drilling contractors, by country of rig manufacturing shipyard, and expected new builds and their expected deployment time.
The Camaro hit by the second big rig, which was hauling metal pipes, was crushed to an unrecognizable chunk of metal.
The report also provides comprehensive data on current offshore rigs deployed worldwide, by rig type.
The total number of active rigs throughout the United States in November 2003 was 1,113 rigs, compared to just 835 rigs in November 2002.
The driver of the big rig, Werner Stoppel, 58, of Fernley, Nev.
Contrary to the Global Rig Market, last year the Egyptian Rig Market did not show any signs of decline right after the financial crash in 2008.
rig count is up 29 rigs from last week to 975, with oil rigs up 26 to 791, gas rigs up 3 to 184, and miscellaneous rigs unchanged.