29 Sept 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO & President Rynd John T bought 20,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Sept 2008production update▼ Bad
Hurricane damage showed up in the fleet for the first time this cycle -- one rig went to the shipyard for storm repairs after its customer also canceled a planned well.
10 Sept 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President ? Worldwide Ops Carr Terrell L bought 3,000 shares on the open market at $18.27.
8 Sept 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. President, Hercules Int'l Rodney Don P bought 5,000 shares on the open market at $18.64.
21 Aug 2008production update● Neutral
The high-rate environment continued, with the fleet still mostly under contract aside from routine inspection downtime.
6 Aug 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP, CFO Lisa W Rodriguez bought 10,000 shares on the open market.
6 Aug 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Steven A Webster bought 10,000 shares on the open market.
5 Aug 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Madonna Thomas J bought 1,500 shares on the open market at $24.60.
4 Aug 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO & President Rynd John T bought 10,000 shares on the open market at $25.58.
4 Aug 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Steven A Webster bought 40,000 shares on the open market.
21 July 2008production update▲ Good
Dayrates held near cycle highs and the fleet was largely fully contracted, with rigs scheduling routine regulatory surveys well into 2009.
1 July 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. President Hercules Liftboat Co Reed Randal R exercised stock options for 60,000 shares and disposed of 120,000 shares.
25 June 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO & President Rynd John T received 15,000 shares and a 36,000-share option grant as part of the equity award.
19 June 2008production update▲ Good
Dayrates kept climbing into mid-2008, with one rig booked forward at $81-83K -- the fleet riding the last leg of the pre-crisis rate cycle.
3 June 2008capital raising announcement● NeutralMajor
Hercules raised $250 million selling 3.375% convertible notes due 2038, using $49.2 million of the proceeds to buy back 1.45 million shares at $33.95 and the rest to pay down its revolver -- new long-dated debt taken on near the top of the offshore drilling cycle.
3 June 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. VP International Liftboats Pellegrin Todd received 5,000 shares as part of the equity award.
21 May 2008production update▲ Good
The fleet was booked out months in advance at rising dayrates, reflecting strong demand at the peak of the 2008 drilling cycle.
20 May 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO and President Randall D Stilley exercised stock options for 36,708 shares and disposed of 73,416 shares.
20 May 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO and President Randall D Stilley exercised stock options for 163,292 shares and disposed of 326,584 shares.
7 May 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP, Gen. Counsel, CCO, Sec Noe James William exercised stock options for 16,000 shares and disposed of 32,000 shares.
1 May 2008production update▲ Good
Several rigs had forward contracts awarded at meaningfully higher dayrates (one stepping up to $69-73K by year-end) -- pricing turning up again as 2008's oil-price rally fed into jackup demand.
30 Apr 2008material agreement▲ Good
Hercules increased its revolving credit facility from $150 million to $250 million for working capital and capital spending, with other terms unchanged.
25 Apr 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas M Hamilton received 3,000 shares as part of the equity award.
25 Apr 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thierry Pilenko received 3,000 shares as part of the equity award.
25 Apr 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Suzanne V Baer received 3,000 shares as part of the equity award.
25 Apr 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Madonna Thomas J received 3,000 shares as part of the equity award.
25 Apr 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director John T Reynolds received 3,000 shares as part of the equity award.
25 Apr 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas N Amonett received 3,000 shares as part of the equity award.
25 Apr 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas R Jr. Bates received 3,000 shares as part of the equity award.
25 Apr 2008director interest notice● Neutral
HERCULES OFFSHORE, INC. director Steven A Webster received 3,000 shares as part of the equity award.