Rigged market

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Related to rigs: Oil rigs, drilling rigs

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 ?
Texas lost three rigs to 482, Pennsylvania was down three to 40, Alaska dropped two to seven, and West Virginia dropped one to 20.
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.
Rod Handling Equipment Pays for Itself--Drill rigs with rod handling equipment generally have crews with fewer hand and back injuries, and less overall stress and strain.
According to him, the Federal Executive Council (FEC) approved about N360 million to buy the rigs. The attention to this sector was not there for a long time.
"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," said Asry offshore services general manager Rob Bryant.
The official informed that the company had drilled, through both owned and rented rigs, around 84 oil and gas wells in different parts of the country during last four years and made 13 discoveries from September 2012 to January 2016.
"A few years back, we partnered with Lamprell to start building offshore jack up rigs in the UAE.
As the tournament unfolded, two top patterns emerged: fishing square-bill crankbaits, spinnerbaits, and jigs in small shallow pockets with darker and warmer water; and umbrella rigs along steep-breaking banks in clearer creeks and the main reservoir.
'Msheireb' will be the 3rd GDI rig currently in service for Oxy with the rigs 'Al Rayyan' and 'Al Wajba' already under contract.
The choice of Texas-based Parker Drilling to design and build the rigs was based on the company's decades of experience in extreme environments.