30 Mar 2012agm notice● Neutral
HERCULES OFFSHORE, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Mar 2012material agreement● NeutralMajor
Hercules sold 20 million shares (plus a 3 million-share over-allotment option) at $5.10 each to help fund its acquisition of the jackup rig Ocean Columbia -- still raising equity at 2009-crisis-era prices even as it funded a growth purchase.
23 Mar 2012securities registration● Neutral
HERCULES OFFSHORE, INC. filed the final prospectus for a registered offering.
20 Mar 2012capital raising announcement● NeutralMajor
Hercules announced plans to sell 20 million shares of stock (plus a 3 million-share over-allotment option) to help fund its pending acquisition of the drilling rig Ocean Columbia and pay down term-loan debt. (Corrected from production_update: the filing is a stock-offering press release, not a fleet status report.)
20 Mar 2012securities registration● Neutral
HERCULES OFFSHORE, INC. filed a prospectus supplement for an offering off its existing shelf.
16 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).
15 Mar 2012production update▲ Good
Hercules locked in years of international revenue visibility -- extending the Angola (Chevron/CABGOC) contract to 2014, the Congo (Perenco) contract, and a Pemex Mexico platform contract running all the way to September 2015.
8 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Worldwide Liftboat Ops. Pellegrin Todd had 6,351 shares withheld for taxes on vesting stock.
8 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Chief Accounting Officer Carson Troy L had 5,082 shares withheld for taxes on vesting stock.
8 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP, Gen. Counsel, CCO Noe James William had 12,700 shares withheld for taxes on vesting stock.
8 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President-Worldwide Ops Carr Terrell L had 12,700 shares withheld for taxes on vesting stock.
8 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP and CFO Butz Stephen M had 12,700 shares withheld for taxes on vesting stock.
8 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO & President Rynd John T had 17,863 shares withheld for taxes on vesting stock.
1 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP, Gen. Counsel, CCO Noe James William received 144,145 shares as part of the equity award.
1 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President-Worldwide Ops Carr Terrell L received 122,329 shares as part of the equity award.
1 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Worldwide Liftboat Ops. Pellegrin Todd received 64,821 shares as part of the equity award.
1 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President, HR Riddle Kimberly A received 15,746 shares as part of the equity award.
1 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Chief Accounting Officer Carson Troy L received 61,180 shares as part of the equity award.
1 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Sr. VP and CFO Butz Stephen M received 137,930 shares as part of the equity award.
1 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. CEO & President Rynd John T received 316,691 shares as part of the equity award.
1 Mar 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. President, Hercules Int'l Feyling Claus received 55,379 shares as part of the equity award.
28 Feb 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President, HR Riddle Kimberly A had 613 shares withheld for taxes on vesting stock.
23 Feb 2012production update▲ Good
The domestic fleet kept re-contracting at strong rates ($47-68K) and the new Saudi Aramco contract was confirmed running through late 2014.
22 Feb 2012director interest notice● Neutral
HERCULES OFFSHORE, INC. Vice President, HR Riddle Kimberly A had 818 shares withheld for taxes on vesting stock.
9 Feb 2012quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $38.3 million for the period ended 2012-03-31.
8 Feb 2012substantial holder notice● Neutral
THE VANGUARD GROUP, INC. reported a HERCULES OFFSHORE, INC. shareholding of 6,072,975 shares (4.40% of votes) in a periodic institutional filing.
19 Jan 2012production update▲ GoodMajor
Hercules landed a major long-term Saudi Aramco contract for one of its rigs -- 907 days at $79-81K, opening the world's largest drilling market to the company -- even as a liftboat (the Mako) was severely damaged in a fire.
9 Jan 2012substantial holder notice● Neutral
Ensco plc, Pride International, Inc disclosed a new substantial HERCULES OFFSHORE, INC. shareholding (2.10% of votes).
23 Dec 2011capital raising announcement● Neutral
The bankruptcy court finished distributing the Hercules shares issued to fund the Seahawk acquisition to Seahawk's creditors -- about 5.3 million shares in October 2011 and a further 14.1 million approved for release in December, stock that is now free to trade and could pressure the market.
15 Dec 2011production update▲ Good
One barge rig landed a big rate jump to $104-106K and a Vietnam rig entered service -- the recovery accelerating into a genuinely strong market.