|Over a quarter ago|
Fly Intel: Pre-market Movers » 09:0112/3112/31/19
TME, CLB, MDR, SDRL, SVRA, FCEL
HIGHER: Tencent Music…
HIGHER: Tencent Music (TME), up 1% after proposing to join a consortium led by Tencent Holdings to acquire a 10% equity stake in Universal Music Group from its parent company, Vivendi (VIVHY), at an enterprise value of EUR30B. TME proposed to invest up to a 10% equity interest in the consortium... Seadrill (SDRL), up 18% after securing a three year contract for each of the AOD II and AOD III in the Middle East, in direct continuation of their current contracts... FuelCell (FCEL), up 24% after beginning commercial operation of the 2.8 megawatt fuel cell project located at the city of Tulare, California's waste water treatment facility. LOWER: Savara (SVRA), down 2% to give back a small part of the big gains seen yesterday after the FDA granted Breakthrough Therapy designation for Molgradex... Core Laboratories (CLB), down 19% after slashing Q4 guidance, guiding below consensus for Q1 and reducing its quarterly dividend... McDermott (MDR), down another 12% after The Wall Street Journal reported late in yesterday's trading that the company is in discussions with lenders to file for bankruptcy within weeks.
Seadrill announces contract extension for AOD II and AOD III » 07:0812/3112/31/19
Seadrill Limited announced last night that it has secured a three year contract for each of the AOD II and AOD III in the Middle East, in direct continuation of their current contracts. Total contract value is expected to be approximately $98M and $101M, respectively, the company stated.
Seadrill spikes over 30% after securing multiple-well contract for West Phoenix » 14:0412/2312/23/19
Earlier on Monday,…
Earlier on Monday, Seadrill announced it had secured a multiple well contract with Var Energy for the West Phoenix for work on the Balder re-development project in Norway.Total contract value for the firm portion of the contract is expected to be approximately $302M with commencement expected at the end of 2Q 2021 and running through 3Q 2023. In addition to the base rate a well based performance bonus mechanism is included in the award giving potential for incremental revenue. The contract is subject to authority approval of the Balder Future plan for development and operations,PDO. Shares of Seadrill Limited (SDRL) are up 52c or 30.5% to $2.21 per share in afternoon trading on Monday.
Seadrill rises 20.0% » 12:0009/1009/10/19
Seadrill is up 20.0%, or…
Seadrill is up 20.0%, or 57c to $3.42.
Seadrill rises 10.9% » 10:0009/1009/10/19
Seadrill is up 10.9%, or…
Seadrill is up 10.9%, or 31c to $3.16.
Seadrill rises 13.2% » 09:4709/1009/10/19
Seadrill is up 13.2%, or…
Seadrill is up 13.2%, or 38c to $3.23.
Seadrill rises 18.8% » 10:0008/2008/20/19
Seadrill is up 18.8%, or…
Seadrill is up 18.8%, or 51c to $3.22.
Seadrill rises 15.0% » 09:4708/2008/20/19
Seadrill is up 15.0%, or…
Seadrill is up 15.0%, or 41c to $3.12.
Fly Intel: Pre-market Movers » 09:1808/1608/16/19
GE, BKJ, SDRL, NVDA, QD, BGG, DE, DDS, AMAT, HXL
HIGHER: General Electric…
HIGHER: General Electric (GE), up 4% after issuing a response to what it called "meritless" allegations made yesterday in a report by Harry Markopolos. Also, General Electric disclosed that its CEO Lawrence Culp bought 252.2K shares of common stock on August 15. In a note to investors, William Blair analyst Nicholas Heymann addressed the whistleblower report, stating that he does not believe GE's financial statements purposely misrepresent the company's current financial condition and future potential liabilities... Bancorp of New Jersey (BKJ), up 7% after announcing a definitive agreement under which ConnectOne Bancorp (CNOB) will acquire Bancorp of New Jersey for approximately $15.48 per share... Seadrill (SDRL), up 12% after entering into a 50:50 joint venture which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020. UP AFTER EARNINGS: Nvidia (NVDA), up 5%... Qudian (QD), up 4%... Briggs and Stratton (BGG), up 2%. DOWN AFTER EARNINGS: Dillard's (DDS), down 15%... Applied Materials (AMAT), down 3%. LOWER: Hexcel (HXL), down 2% after Goldman Sachs analyst Noah Poponak downgraded the stock to Sell from Neutral and lowered his price target for the shares to $73 from $75. After re-rating year-to-date, the shares are the high-end of the historical valuation range, Poponak tells investors in a research note.
Seadrill joint venture in $656M Qatar rig contract » 06:1708/1608/16/19
Seadrill and GDI said on…
Seadrill and GDI said on Thursday that they have entered into a 50:50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020. The five firm well based contracts will have staggered commencements throughout 2020 with initial terms concluding in 2023 & 2024 respectively. The total contract value is expected to be $656M. Each contract has five single well options which could add up to an estimated 13.7 cumulative years of term and an additional contract value of $700M. GulfDrill will initially bareboat charter the West Telesto and West Castor from Seadrill and has secured bareboat charters for three additional units from a third-party shipyard. Anton Dibowitz, CEO, commented: "We are excited to establish a significant presence in an important Jackup market and to partner with GDI. GulfDrill will give us the opportunity to improve our access to a market that is expected to show significant growth over the next years and strengthen our relationship with Qatar Petroleum."