Deepsea drillers merging (GSF & RIG): ATW soars

I have been saying that mergers would hit this area.
CLB & ESV are enjoying a bit of the sudden interest but look at ATW: up 8%+.

If consolidation is going to happen, this one won't go for under $120. Exciting to think about.

Is there more on the way? Hard to know, obviously, but there are interesting partnerships out there.