McDermott International, Inc. (MDR) announced today that it plans to issue a press release regarding its financial results for the first quarter 2015 on Monday, May 11, 2015, after the close of trading.
From Earnings Call:
Subsequent to the Q3 close, on November 13, 2014, RockPile entered into amended through its credit agreement, which increased the borrowing capacity under senior secured facility to 150 million from 100 million and also maintains an accordion feature allowing for an expansion of the facility up to 200 million.
(Bloomberg) Hedge funds are betting that the oil-price crash is close to ending.
Speculators boosted their net-long position in West Texas Intermediate crude by 14 percent in the week ended Dec. 2, the most in 20 months, U.S. Commodity Futures Trading Commission data show. Short bets contracted by 15 percent as long wagers expanded 4 percent.