Oil & Gas Archives - Page 3 of 12

CPE Stock Gains Following Reduced Takeover Deal of Carrizo

CPE stock is in the green on Friday after Callon Petroleum (NYSE:CPE) slashed its takeover deal of Carrizo Oil & Gas (NASDAQ:CRZO) in a last-ditch attempt to get the takeover over the line. CPE Stock ... [Read]

CHK Stock Slumps 50% Since Earnings: What to Expect Now?

Nov 13 Ankit Singhania

The year has proven to be a volatile one for energy companies and their stocks, but the situation with CHK stock in recent days has been particularly brutal. Over the course of the past few ... [Read]

MDR Stock Plunges on Higher Q3 Losses, CFO Resigns

Nov 5 Ankit Singhania

MDR stock slumped after McDermott International Inc (NYSE:MDR) reported a worse than expected third-quarter loss and weaker than expected revenues. Weak Earnings The energy sector has had its fair share of bumps this year, and ... [Read]

CPE Stock Gains Ahead of Crucial November Merger Vote

Oct 23 Caileam Raleigh

CPE stock is up nearly 7% today ahead of a crunch shareholder vote over Callon Petroleum’s (NYSE:CPE) proposed takeover of Carrizo Oil & Gas Inc (NYSE:CRZO). CPE Stock Down 40% Since Deal was Announced The takeover ... [Read]

MDR Stock Sinks as Outlook Concern Outweighs Financing Lifeline

Oct 21 Caileam Raleigh

MDR stock is down 12% today despite McDermott International (NYSE:MDR) coming to an agreement with lenders to access up to $1.7 billion USD in financing in order to help the embattled energy engineering and construction ... [Read]

PE Stock Gains 5% Following Jagged Peak Acquisition

Oct 15 Caileam Raleigh

PE stock is up 5% today after Parsley Energy Inc (NYSE:PE) announced it would acquire Jagged Peak Energy Inc (NYSE:JAG) in an all-stock merger worth approximately $2.27 billion USD. The deal will see the Austin, Texas-based ... [Read]

PUMP Stock Soars on Boardroom Reshuffle Following Accounting Probe

Oct 10 Caileam Raleigh

PUMP stock has gained over 18% on Thursday after ProPetro Holding Corp (NYSE:PUMP) announced a number of changes to its executive leadership team in light of a recent internal probe into the company’s accounting practices. ... [Read]

MDR Stock Sinks as Company Seeks Bridging Loan to Avoid Bankruptcy

Sep 25 Caileam Raleigh

MDR stock is down over 5.5% today amid reports that McDermott International Inc (NYSE:MDR) is seeking a bridging loan to avoid bankruptcy. MDR Stock Down Nearly 70% This Year The company is seeking a loan ... [Read]

SDRL Stock Slumps 30% in Four Sessions: Should Investors Be Nervous?

Sep 20 Ankit Singhania

Over the past few weeks, offshore oil drilling company Seadrill Ltd (NYSE:SDRL) has been in the news for having signed important deals, and SDRL stock price improved considerably on Monday. Moreover, the troubles in Saudi ... [Read]

MDR Stock Plummets as Company Brings in Turnaround Consultants

Sep 19 Caileam Raleigh

McDermott International Inc. (NYSE:MDR) has enlisted AlixPartners LLP to help stem its heavy losses, with MDR stock plummeting 22%. McDermott, an American oil and gas engineering firm, has been struggling in recent quarters and posted ... [Read]