17 Nov 2011production update▲ Good
Domestic dayrates kept climbing (into the $37-49K range), though a Bahrain rig remained cold-stacked nearly a year after being idled.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Oct 2011quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $17.0 million for the period ended 2011-09-30.
27 Oct 2011quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $17.0 million for the period ended 2011-09-30.
26 Oct 2011production update▲ Good
Domestic dayrates held strong (into the $37-56K range), two years after the 2009 trough, though one Bahrain rig remained cold-stacked.
28 Sept 2011production update▲ Good
Rates climbed further still (up to $47-49K) and Hercules picked up a letter of intent for new work in Vietnam -- international expansion continuing alongside the domestic recovery.
21 Sept 2011drilling progress report▼ BadMajor
The jackup rig Hercules 185, working offshore Angola for Cabinda Gulf Oil (Chevron), was found to have a detached spud can during a routine inspection and will sit at zero dayrate for an estimated six months while it's assessed and repaired, an insured loss subject to a $3.5 million deductible.
25 Aug 2011production update▲ Good
Dayrates kept climbing (up to $44-46K on some rigs) and the new Congo contract with Perenco was active at $61-71K, though a Bahrain rig remained cold-stacked since late 2010.
10 Aug 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Madonna Thomas J bought 5,000 shares on the open market at $3.20.
9 Aug 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas R Jr. Bates bought 50,000 shares on the open market at $3.30.
28 July 2011production update▲ GoodMajor
The former Seahawk rigs found steady work with new customers, and Pemex awarded Hercules a four-year Mexico contract at $49-51K -- a significant long-term international win as the recovery broadened.
28 July 2011quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $23.4 million for the period ended 2011-06-30.
28 July 2011quarterly activities report▼ Bad
HERCULES OFFSHORE, INC. reported a quarterly net loss of $23.4 million for the period ended 2011-06-30.
20 June 2011production update▲ Good
The fleet kept re-contracting at improving rates (into the $34-44K range) with new customers coming on.
10 June 2011substantial holder notice● Neutral
BlackRock, Inc reported a HERCULES OFFSHORE, INC. shareholding of 6,619,678 shares (4.82% of votes) in a periodic institutional filing.
2 June 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Worldwide Liftboat Ops. Pellegrin Todd had 441 shares withheld for taxes on vesting stock.
2 June 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Worldwide Liftboat Ops. Pellegrin Todd exercised stock options for 53,335 shares and disposed of 86,469 shares.
25 May 2011production update▼ Bad
Hercules itself cancelled a contract on one of its former Seahawk rigs and scheduled it for demobilization, while a few more liftboats went cold-stacked.
20 May 2011director interest notice● Neutral
Riddle Kimberly A became a HERCULES OFFSHORE, INC. Vice President, HR and company insider (initial ownership filing).
11 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Suzanne V Baer received 11,000 shares as part of the equity award.
11 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas R Jr. Bates received 11,000 shares as part of the equity award.
11 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas M Hamilton received 11,000 shares as part of the equity award.
11 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thomas N Amonett received 11,000 shares as part of the equity award.
11 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director F Gardner Parker received 11,000 shares as part of the equity award.
11 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Thierry Pilenko received 11,000 shares as part of the equity award.
11 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Steven A Webster received 11,000 shares as part of the equity award.
11 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. director Madonna Thomas J received 11,000 shares as part of the equity award.
10 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Human Resources Lisa W Rodriguez exercised stock options for 19,246 shares and disposed of 41,572 shares.
9 May 2011director interest notice● Neutral
Seahawk Drilling, INC. became a HERCULES OFFSHORE, INC. 10%+ owner and company insider (initial ownership filing).
6 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Human Resources Lisa W Rodriguez exercised stock options for 67,422 shares and disposed of 117,832 shares.
6 May 2011director interest notice● Neutral
HERCULES OFFSHORE, INC. VP, Human Resources Lisa W Rodriguez exercised stock options for 80,000 shares and disposed of 105,000 shares.