Past year: ▲ 22%(6.57 – 13.13 USD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Nov 2008debt financing● NeutralMajor
Weeks after Lehman Brothers' collapse, Atwood expanded its credit capacity again -- amending its existing Nordea facility (now $200 million drawn) and adding a separate new credit agreement -- proactively shoring up liquidity as the financial crisis hit.
10 Oct 2008director interest notice● Neutral
ATWOOD OCEANICS INC director George S Dotson received 5,000 shares as part of the equity award.
10 Oct 2008drilling progress report▲ GoodMajor
The HUNTER lined up a four-year megacontract with Noble Energy and Kosmos Energy in the Eastern Mediterranean at dayrates in the $500,000s -- among Atwood's richest contracts yet -- while the EAGLE lost about $2.4 million in the quarter to unplanned downtime.
10 Oct 2008director interest notice● Neutral
ATWOOD OCEANICS INC director Robert W Burgess received 10,000 shares as part of the equity award.
30 Sept 2008director interest notice● Neutral
ATWOOD OCEANICS INC director George S Dotson received 11,200 shares as part of the equity award.
16 Sept 2008contract award▲ GoodMajor
The FALCON locked in a two-year South China Sea contract at a record $425,000/day, the SOUTHERN CROSS headed to West Africa at $352,000/day, and the RICHMOND rode out Hurricane Ike undamaged with no lost drilling time.
28 Aug 2008production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
22 Aug 2008debt financing▲ GoodMajor
Atwood amended its $300 million credit facility to allow up to $300 million more in permitted debt, with $170 million already drawn -- more room to fund the newbuild program.
18 Aug 2008contract award▲ GoodMajor
The still-under-construction ATWOOD AURORA landed a two-year, $165,000/day contract with RWE offshore Egypt ahead of its delivery, while the SOUTHERN CROSS lined up a conditional West Africa well at $262,500/day.
8 July 2008production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
7 July 2008debt financing● NeutralMajor
Atwood ordered a third newbuild, a $750-775 million ultra-deepwater drillship from Jurong for mid-2012 delivery -- its biggest capital bet yet, and unlike the first Jurong rig, ordered without a customer contract already in hand.
25 June 2008security holder rights change▲ Good
A second 2-for-1 stock split in two years took effect, with the shareholder rights plan's share-purchase ratio adjusted to match -- a sign of how far the stock had run during the drilling boom.
9 June 2008director interest notice● Neutral
Randal Floyd Presley became a ATWOOD OCEANICS INC Vice President and company insider (initial ownership filing).
9 June 2008director interest notice● Neutral
Barry Michael Smith became a ATWOOD OCEANICS INC Vice President and company insider (initial ownership filing).
5 June 2008production update● Neutral
Routine fleet status update; no new incidents or contract changes were highlighted beyond the standard report.
23 Apr 2008director interest notice● Neutral
ATWOOD OCEANICS INC President John R Irwin exercised stock options for 20,000 shares and disposed of 40,000 shares.
21 Apr 2008director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President Glen P Kelley disposed of 550 shares via option/appreciation-right settlement.
21 Apr 2008director interest notice● Neutral
ATWOOD OCEANICS INC Vice President - Operations Ronald Lee Hall exercised stock options for 4,000 shares and disposed of 8,000 shares.
17 Apr 2008director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President James M Holland exercised stock options for 15,000 shares and disposed of 30,000 shares.
17 Apr 2008director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President Glen P Kelley exercised stock options for 30,000 shares and disposed of 60,000 shares.
17 Apr 2008director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President James M Holland exercised stock options for 30,000 shares and disposed of 15,000 shares.
16 Apr 2008director interest notice● Neutral
ATWOOD OCEANICS INC Other Darryl Robert Smith exercised stock options for 1,250 shares and disposed of 2,500 shares.
16 Apr 2008director interest notice● Neutral
ATWOOD OCEANICS INC Vice President - Operations Ronald Lee Hall exercised stock options for 2,500 shares and disposed of 5,000 shares.
2 Apr 2008production update▲ Good
The HUNTER's Petronas contract extended into early September and the rig is being marketed at a premium to its current rate; the SOUTHERN CROSS is set to move to the $406,000/day ENI job in Italy once its Turkish work wraps up.
1 Apr 2008director interest notice● Neutral
Ronald Lee Hall became a ATWOOD OCEANICS INC Vice President - Operations and company insider (initial ownership filing).
31 Mar 2008director interest notice● Neutral
ATWOOD OCEANICS INC director William J Morrissey exercised stock options for 3,000 shares and disposed of 6,000 shares.
4 Mar 2008drilling progress report▲ Good
Dayrates kept climbing: the SOUTHERN CROSS moved from a $320,000/day Turkish contract to a $406,000/day two-well job for ENI in Italy, while the HUNTER resumed work for Petronas (as Woodside's farm-out) at $240,000/day and the SEAHAWK's Hess contract in Equatorial Guinea extended to March 2009.
3 Mar 2008director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President Glen P Kelley exercised stock options for 16,600 shares and disposed of 33,200 shares.
28 Feb 2008director interest notice● Neutral
ATWOOD OCEANICS INC Senior Vice President Glen P Kelley exercised stock options for 23,400 shares and disposed of 46,800 shares.
22 Feb 2008director interest notice● Neutral
ATWOOD OCEANICS INC Vice President Darryl Robert Smith exercised stock options for 3,250 shares and disposed of 6,500 shares.
