Seahawk Drilling HAWK
-
Media refuses to blame Obama for Gas Prices
… against the oil industry. First there was the drilling ban, which was later overturned by federal courts as illegal. Seahawk Drilling , a Texas-based shallow-water drilling company cited that moratorium as the cause of its bankruptcy filing saying …
-
Who Needs Offshore Oil Drilling Anyway?
… heavily dependent on the Gulf, the sustained slowdown is more than they can take... Seahawk Drilling is Sunk On February 11, Texas-based Seahawk Drilling announced that it would file for Chapter 11 bankruptcy. The company – spun off from …
-
Diamond Offshore: Attractive Investment, And a Possible LBO Candidate
… the last couple of weeks, Ensco ( ESV ) announced its intentions to acquire Pride International ( PDE ), while Seahawk Drilling ( HAWK ) declared bankruptcy and is selling its assets to competitor Hercules Offshore ( HERO ). The rationales …
-
In Wake of Seahawk's Asset Sale to Hercules, Investors Eyeing Both Companies
Ian Bezek submits: Seahawk Drilling 's ( HAWK ) asset sale and bankruptcy filing marks the end ..... significant value at either company? Somewhat surprisingly, Seahawk Drilling shares have retained a significant valuation despite the bankruptcy …
-
Seahawk Drilling Files Chapter 11: Macondo Fallout Continues
Michael Filloon submits: On Friday, Seahawk Drilling Inc. ( HAWK ) filed Chapter 11 bankruptcy and will be selling 20 jackup rigs to Hercules Offshore Inc. ( HERO ). As difficult …
-
Shares of Hercules Offshore (HERO) jump premarket after the company says it will purchase assets owned by Seahawk Drilling (HAWK) for $105M (PR). Seahawk announces that it has filed for bankruptcy ...
Shares of Hercules Offshore ( HERO ) jump premarket after the company says it will purchase assets owned by Seahawk Drilling ( HAWK ) for $105M ( PR ). Seahawk announces that it has filed for bankruptcy protection ( PR ). HERO +25.7 …
-
UPDATE 2-Seahawk to seek bankruptcy protection, sell assets
Feb 11 (Reuters) - Shallow water driller Seahawk Drilling said it plans to file for bankruptcy protection and sell drilling assets to bigger rival Hercules Offshore for about $100 million.
-
PMC Commercial Trust: Trust That It Can't Be Killed
Andrew August submits: PMC Commercial Trust ( PCC ) is similar to Seahawk Drilling when it comes to attempts at killing the company . While the discount to book value is not as steep, quite a discount exists and …
-
Deals Report: Offshore Slowdown Putting Drilling Companies in Play
Alacra Pulse Check Blog submits: By Sheena Lee Companies like Vantage Drilling ( VTG ) and Seahawk Drilling ( HAWK ) could become potential acquisition targets as M&A among offshore drillers is likely to accelerate, according to Bloomberg …
-
2011 Gulf Outlook for the Offshore Drillers
… drilling permits, which has created a de facto moratorium. The hardest impacted players are Gulf specialists such as Seahawk Drilling HAWK and Hercules Offshore HERO, but larger drillers like Diamond Offshore DO and Ensco also have a few Gulf rigs …