On Thursday, Seadrill Ltd (NYSE:SDRL)’s shares declined -5.97% to $11.97.
- Seadrill Ltd (SDRL) reports first quarter 2015 EBITDA(1) of US$711 million
- Seadrill achieves 93% economic utilization(2) for its floater fleet and 98% for its Jack-up fleet for the first quarter 2015.
- The Seadrill Group(3) achieves 93% economic utilization for its floater fleet and 98% for its Jack-up fleet for the first quarter of 2015
- Seadrill reports first quarter 2015 net income of $448 million and diluted earnings per share of $0.86
- Seadrill reports order backlog of about $8.9 billion and $15.4 billion for the Seadrill Group
- Seadrill successfully closes SeaMex, the 50/50 Joint Venture agreement with Fintech Advisory Inc for the ownership and operation of 5 jack-up units in Mexico with PEMEX
- Seadrill takes delivery of the West Carina, a 6th generation ultra-deepwater drillship. The unit is planned to commence operations with Petrobras in Brazil on a three year contract during the second quarter
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regarding semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Star Bulk Carriers Corp. (NASDAQ:SBLK)’s shares dropped -5.68% to $2.99.
Star Bulk Carriers Corp. (SBLK) declared the closing of its formerly declared public offering of 56,250,000 common shares, at a price of $3.20 per share. The aggregate proceeds to Star Bulk, net of placement agent fees and offering expenses, were about $176.0 million. Star Bulk intends to use the net proceeds for general corporate purposes. These general corporate purposes may comprise, among others things, additions to Star Bulk’s working capital, capital expenditures, repayment of debt or the financing of possible acquisitions and investments.
Oaktree Capital Administration, L.P., advisory clients of Monarch Alternative Capital LP (“Monarch”) and entities associated with the family of Mr. Petros Pappas, our Chief Executive Officer (the “Pappas Associates”), which are some of the Star Bulk’s noteworthyshareholders, purchased about 21,562,500 of the common shares in this offering. On an as-adjusted basis, giving effect to this offering and assuming all 29,917,312 common shares comprising the share consideration issued to Excel Maritime Carriers Ltd. (“Excel”), following the vessel purchase agreement formerly declared in August 2014, are distributed by Excel to its equity holders, each of Oaktree, Monarch and the Pappas Associates would beneficially own about 52.5 %, 5.2 % and 5.8 %, respectively, of our outstanding common shares.
Star Bulk Carriers Corp., a shipping company, provides seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport various bulks, which comprise iron ore, coal, and grain, in addition to bauxite, fertilizers, and steel products.
At the end of Thursday’s trade, Atlantic Power Corp (NYSE:AT)‘s shares dipped -5.66% to $3.00.
Atlantic Power Corp (AT) declared its distribution for the quarter ending June 30, 2015. A dividend of Cdn$0.03 per common share will be payable on June 30, 2015 to holders of record at the close of business on May 29, 2015.
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2014, its power generation projects in operation had an aggregate gross electric generation capacity of about 2,945 megawatts comprising of interests in 28 operational power generation projects across 11 states in the United States and 2 provinces in Canada.
Blackhawk Network Holdings Inc (NASDAQ:HAWK), ended its Thursday’s trading session with -5.30% loss, and closed at $34.63.
Blackhawk Network Holdings Inc (HAWK) declared the Company’s shareholders have approved a proposal to reclassify the outstanding shares of the Company’s Class B common stock as shares of common stock and to rename the Class A common stock as “common stock.
To implement the share conversion, Blackhawk recently filed its Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware. The conversion became effective right away upon filing of the Second Amended and Restated Certificate of Incorporation. The shareholders need not take any action to convert their shares. Any existing shares held in brokerage accounts will be automatically adjusted by the broker to reflect the conversion and name change.
Blackhawk Network Holdings, Inc. provides a range of prepaid gift, telecom, and debit cards; and related prepaid products and payment services. It distributes closed loop gift cards, counting digital media and e-commerce, dining, electronics, entertainment, fashion, gasoline, home improvement, and travel; single-use non-reloadable open loop gift cards; and prepaid wireless or cellular cards used to load airtime onto the prepaid handsets, in addition to sells handsets.
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