Past year: ▼ 95%(5.90c – 1.24 USD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Oct 2012production update▲ Good
Domestic dayrates hit new highs (into the high $80s/low $90sK), even as a Malaysia rig joined the Bahrain rig in cold-stacked status -- pockets of idle international capacity persisting despite the strong domestic market.
18 Sept 2012production update▲ Good
Dayrates kept rising further (some rigs now above $80K) as the boom broadened across the fleet.
21 Aug 2012production update▲ Good
Domestic dayrates continued climbing (into the high $50s-$70sK) with the fleet almost fully employed on back-to-back short contracts.
27 July 2012quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $55.1 million for the period ended 2012-06-30.
27 July 2012quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $55.1 million for the period ended 2012-06-30.
18 July 2012production update▲ Good
A second rig began work for Saudi Aramco (843 days at $79-81K, alongside the first at 803 days/$83-85K) -- the Aramco relationship expanding to two rigs -- while domestic rates held strong.
28 June 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Steven A Webster bought 50,000 shares on the open market at $3.10.
22 June 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Steven A Webster bought 50,000 shares on the open market.
20 June 2012production update▲ Good
The domestic fleet kept re-contracting at strong rates and the Cameroon (Perenco) contract renewed at a higher $89-91K, while a Malaysia rig sat warm-stacked awaiting work.
19 June 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO & President Rynd John T bought 30,000 shares on the open market at $3.18.
4 June 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. President, Hercules Int'l Feyling Claus bought 25,000 shares on the open market at $3.19.
31 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas R Jr. Bates bought 40,000 shares on the open market.
18 May 2012agm notice● Neutral
HERCULES OFFSHORE, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
17 May 2012production update● Neutral
The rig damaged in Angola back in September 2011 (Hercules 185) was still in the shipyard being evaluated for leg damage, while the rest of the domestic fleet kept working at strong $57-73K rates.
16 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas M Hamilton received 19,000 shares as part of the equity award.
16 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thierry Pilenko received 19,000 shares as part of the equity award.
16 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Steven A Webster received 19,000 shares as part of the equity award.
16 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Suzanne V Baer received 19,000 shares as part of the equity award.
16 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas N Amonett received 19,000 shares as part of the equity award.
16 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director F Gardner Parker received 19,000 shares as part of the equity award.
16 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Madonna Thomas J received 19,000 shares as part of the equity award.
16 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas R Jr. Bates received 19,000 shares as part of the equity award.
11 May 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President, HR Riddle Kimberly A had 706 shares withheld for taxes on vesting stock.
4 May 2012agm notice● Neutral
HERCULES OFFSHORE, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
26 Apr 2012quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $38.3 million for the period ended 2012-03-31.
26 Apr 2012quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $38.3 million for the period ended 2012-03-31.
19 Apr 2012production update▲ Good
Domestic dayrates reached new highs ($57-73K on several rigs), and a new Indonesian contract with Zaratex priced at $99-101K -- the recovery now pushing rates above pre-2008 levels on some rigs.
6 Apr 2012debt financing● NeutralMajor
Hercules used proceeds from its new $500 million notes to pay off and retire its entire 2007 credit facility (a $140 million revolver and roughly $434 million term loan), completing its refinancing with no penalties.
30 Mar 2012agm notice● Neutral
HERCULES OFFSHORE, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
30 Mar 2012debt financing● NeutralMajor
Hercules sold $500 million of new notes -- $300 million secured at 7.125% and $200 million unsecured at 10.25% -- to help pay for the Ocean Columbia rig acquisition; the double-digit coupon on the unsecured tranche shows its borrowing costs were still junk-rated years after the 2009 crisis.
