|Over a month ago|
Two new option listings and ten option delistings on June 22nd » 08:3006/2206/22/20
APDN, CGIX, FDEF, NIHD, SDRL
New option listings for…
New option listings for June 22nd include Premier Financial Corporation (PFC) and Seadrill Ltd (SDRLF). Option delistings effective June 22nd include Applied DNA Sciences (APDN), Cancer Genetics (CGIX), CARBO Ceramics Inc (CRRTQ), First Defiance Financial Corporation (FDEF), Morningstar Dividend (FDL), Foresight Energy Partners LP (Units) (FELPQ), Hornbeck Offshore Services Inc (HOSSQ), NII Holdings (NIHD), Seadrill Ltd (SDRL), and Sandridge Mississippian Trust II (Units) (SDRMU).
Fly Intel: Wall Street's top stories at midday » 12:1906/0206/02/20
AAPL, RGR, SWBI, VSTO, W, ARNA, BMY, LULU, SDRL
Equity markets in the…
Fly Intel: Pre-market Movers » 09:0506/0206/02/20
MGI, WORK, SFIX, SLG, RGR, SWBI, VSTO, DKS, SDRL, QTS, CCC, GH, LULU, INVH
Check out this morning's…
Seadrill reports Q1 EPS ($15.59), consensus ($2.15) » 05:1906/0206/02/20
Reports Q1 revenue $321M,…
Reports Q1 revenue $321M, consensus $267.43M. Anton Dibowitz, President and CEO, commented, "First and foremost, we need to recognize the way in which the whole Seadrill community has risen to the operational and logistical challenges arising because of COVID-19. We have continued our record of strong operational delivery in the quarter, working across 28 locations with over 4,000 employees from 57 different countries. Whilst our onshore personnel get used to a new mode of working, we have many offshore personnel whose continuous time working to maintain safe operations for our customers is now measured in terms of months rather than weeks. I continue to be humbled by the dedication of our people who deliver safe and efficient operations during this trying time, including some of whom will be leaving us as we maintain our focus on our cost competitiveness and adjust staffing levels to account for lower activity levels. This industry has two fundamental challenges which are emphasized by recent events - there are too many rigs carrying too much debt. In the quarter we took an impairment of $1.2 billion as we recognize, along with others in the sector, that a number of our assets are increasingly unlikely to return to the market and need to be scrapped. Assets across the industry also carry debt levels which are unlikely to be sustainable and consequently we should expect to see substantial indebtedness being converted to equity. Only when the industry addresses both of these issues will we be in a position where the balance of market supply and demand can deliver reasonable investment returns to stakeholders."
Seadrill downgraded to Sell from Hold at Nordea » 06:1005/2805/28/20
Nordea downgraded Seadrill to Sell from Hold.
|Over a quarter ago|
Seadrill receives noncompliance notice from NYSE » 17:0404/0804/08/20
Seadrill announced that…
Seadrill announced that the company has received written notice from the NYSE that the company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days. As of March 24, the average closing price per share of the company over the preceding 30 trading day period was 99c. Under the NYSE rules, the company can regain compliance with this standard and cure this deficiency if, during the six-month period following receipt of the NYSE notice, on the last trading day of any calendar month or on the last trading day of this six-month cure period, the company's common shares have a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30-trading day period ending on the last trading day of that month or the last trading day of the cure period. If the company determines to remedy the non-compliance by taking action that will require shareholder approval, the six-months cure period requirement does not apply, as long as the company seeks shareholder approval by no later than its next annual general meeting, and implements such action promptly afterwards. In this instance, the price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above the level for at least the following 30 trading days. The company has responded to the NYSE to confirm its intent to cure this non-compliance. During this period, the company's common shares will continue to be traded on the NYSE, subject to the company's compliance with other applicable NYSE listing requirements. The notice does not affect the company's ongoing business operations or its U.S. Securities and Exchange Commission reporting obligations.
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.