With the slowdown, I would think they have nothing else to do esp. since a public company first priority is their shareholders.
Most of the small cap stocks are taking a beating,esp. the oil stocks, mm's are dumping them with heavy volume,never thought we'd see hk this low,esp. when it was $7.50.
They should at least buy some more stock,it seems as if the pps dont matter to them,the Maserck deal is worth at least $2.20
At least he gets 7.6% div. while he waits for a rebound,if you hold hero you get only a ulcer.
What I can't believe is that at this price another company has'nt made a buyout offer on them.When you think it can't go any lower it does,any other offshore drilling company can take out competition and make money doing it.
Tried to call,left message,no reply,sent e-mail,no reply,they don't care about shareholders.
They claim that 2 more rigs go off contract next week.Do these rigs just pack up and leave or do they keep on pumping oil until they sign new contracts?The gulf has been calm this year do to cooler weather and there won't be many big storms this year so contracts should be coming in soon.The Mexican gov. should just buy Hero at $5 share and put Hero's rigs to work,it would be a better buisness move than looking for private companies because private companies prices will be high because of the insurance they have to purchase to drill in the gulf.The big drop in hero's market price, less then half of book value make it better to just buy them out then to look for private companies,only time will tell,but at $2.39 a share we know many are looking for a steal.
Hey Tom,were have you been,have not heard anything from you since amsc was trading much higher,it's hard to pump a stock when the pps is falling.We all know the shelf registration,but what we don't know is why a company with a billion dollar lawsuit pending very soon needs to raise money,is it bonus time already?By the way I still think you work for the company.Amsc should sell all the shares to Kevin Douglass,after all he's the only reason our gov. is involved in this case and amsc let him donate his money and buy alot more shares when they knew about Sinovel.Douglass should have played golf with amsc's management,it would have saved him millions.The best was that the gov.using the excuse they were looking to see if anyone in China made money by shorting the stock with the inside info, and charged only a friend of someone in management.Tom ,please give us your opinion not facts we already know.
If you were trading today it seemed that anyone who placed a buy order at any price was filled no matter what the ask was,esp. at the close.I never have seen a company loose this much market value in 3 days,managements not being concerned might cost them to loose the company and their jobs,hope they get a buyout offer soon.
Fieldwood management very interested in buying hero ,will make them dominate the gulf and they are loaded with cash,could put many rigs to work.
Did anyone else notice that Bloomberg now gets paid buy short hedge funds to do hit pieces on the stocks they short.Wall street is getting more corrupt every day and the sec is a joke,they go after Martha Stewart for insider trading for pubilicity, while the big boys are stealing millions off of hard working Americans by manipulating markets with shorting stocks.How did their story warrant a 80 million drop in market value in one day,what a snow job.
I have to admit you hit the $2.50 price right on the head.Are you part of the hedge fund shorting this pos?Do you really think you could take it to 0,with the north sea contract they have in place?
If oil was $30 brl.,I could see idle rigs,but at over$90 brl.,they should be booked solid,contracts should start coming in soon,hero trading at a price when oil was at $30 ,worst day ever for this stocks shareholders.
Getting 9 million for salvage is pretty good,maybe $3.50 not $2.50,go short in your pants.