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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Jan 2012production update▲ GoodMajor
Hercules posted its January 2012 fleet status report, showing Hercules 262 with a new 907-day Saudi Aramco contract at $79-81K after shipyard work, alongside Hercules 261's existing 984-day Aramco contract.
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.
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.
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
Hercules posted its monthly fleet status report as of July 27, 2011, giving contract dayrates and durations for each rig and June 2011 liftboat data. It noted continued Gulf of Mexico permit delays as a risk.
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.