MDR Stock Sinks as Outlook Concern Outweighs Financing Lifeline
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
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
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
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?
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
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]
YUMA Stock Jumps 80% Following Attack on Saudi Arabian Oil Refinery
Energy stocks are chiefly trading in the green Monday, with YUMA stock leading the way, trading up by more than 80%. The gains come after an attack on an oil refinery in Saudi Arabia; this ... [Read]
CPE Stock Boosted as Shareholders Oppose Callon’s Takeover of Carrizo
CPE stock has been bolstered by shareholders of Callon Petroleum Co (NYSE:CPE) opposing to its proposed takeover of Carrizo Oil & Gas Inc (NYSE:CRZO). CPE Stock Declining Since Deal was Announced Billionaire investor John Paulson, whose ... [Read]
Alternative Energy Stocks that Will Keep Your Future Looking Bright
Making money and saving the planet doesn’t have to be mutually exclusive. In fact, there are plenty of publicly-traded companies that are finding ways to capitalize on new, environmentally-friendly technology. Among the best stocks an ... [Read]
CPG Stock Jumps 6% As Investors Welcome Major Asset Sale
Crescent Point Energy Corp (TSX:CPG) (NYSE:CPG) has announced it will attempt to cut debt through two major asset sales, boosting CPG stock over 6%. Crescent has said it will exit the Uinta Basin in Utah, ... [Read]