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Atwood Oceanics, Inc. (ATW)


NYSE - NYSE Delayed Price. Currency in USD
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7.92-0.10 (-1.25%)
At close: 4:00PM EDT
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  • Posted in $ORIG conversation

    Atwood Oceanics $ATW to announce Cash and Share deal in acquisition of Ocean Rig $ORIG, announcement within 14 days.
    http://sierraworldequityreview.blogspot.com/2017/07/atwood-oceanics-atw-to-announce-cash.html

    Atwood Oceanics (ATW) to announce Cash and Share deal in acquisition of Ocean Rig (ORIG), announcement within 14 days forecasts Sierra! Shares of ORIG closed lower down almost 8% at the close of Friday's session. More to follow!
    A blog about buying and selling stocks, penny stocks and online stock trading
    sierraworldequityreview.blogspot.com
  • Posted in $ORIG conversation

    Atwood Oceanics $ATW to announce Cash and Share deal in acquisition of Ocean Rig $ORIG..
    http://sierraworldequityreview.blogspot.com/2017/07/atwood-oceanics-atw-to-announce-cash_23.html

    Atwood Oceanics (ATW) to announce Cash and Share deal in acquisition of Ocean Rig (ORIG), announcement within 14 days forecasts Sierra! Shares of ORIG closed lower down almost 8% at the close of Friday's session. More to follow!
    A blog about buying and selling stocks, penny stocks and online stock trading
    sierraworldequityreview.blogspot.com
  • There has been a significant divergance from the merger multiple between ESV and ATW. The deal was for ATW shareholders to receive 1.6 ESV shares. Most days recently this has corrected, presumably through arbitrage. However now ESV is 5.2 and ATW is at 7.8 which is a 6.25% discount. It seems unlikely that ATW shareholders would not approve the deal given that ATW shares would return to a much lower relative value. Given that the combined company would achieve synergies and efficiencies, the merger is a smart business move. Although OPEC can manipulate prices by adjusting production rates, over time the world demand will remain and there is a limited supply. Historically these low price periods have quickly ended and equipment has been suddenly back in high demand. An efficient ESV/ATW will be poised to meet this future demand with a lean efficient organization sharpened during this lean period.
  • right on "cue", here comes the lawyers/lawsuits over the merger.
  • Why trading at such a discount to announced acquisition price/share?
  • There is a potential buy signal building on the daily chart at foxchart. Long over 9.42 for a run up to 10.45.
  • Anybody know about when the deal with Esv is suppose to close?
  • ATW - trending down, remember trend is your friend time to sell. 👎
  • 🌎✔️Al Gore global warming BS is one big lie to take carbon tax from US taxpayers and give it to Third World countries. Billions of dollars thank God Trump got us out of the Paris accords.
  • back to 14, 15 by summer
  • ✔️🛑Hey NBC, MSNBC, ABC, CBS, CNN--Now latest polls says 70% of Americans believe main stream media  pushing bias fake news! I think it is higher. What a bunch of liberal bias morons you are to think we believe the bias baloney you push nightly. I stopped watching most of the news and if I want news I watch Fox or One American News much more fair and honest. Plus you can get instant news and information on internet.
  • The trading setup for ATW looks very enticing. google awesome.stock.s - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
  • interesting how the market valuation was off by 30%
  • I posted a note yesterday regarding this deal. I think the deal is close to falling apart already. The reason is simple - with the sharp sell off in ESV there is almost no premium to the deal remaining. ATW could ask for more shares - but I am doubtful that ESV shareholders would want to give more. It is obvious ESV shareholder are not happy with the deal as it stands (thus the huge sell off since the announcement. I will be a buyer again as ATW approaches 9 although the better buy might be ESV because they probably bounce back to $6.50-$6.75 if a breakup is announced.
  • This deal might not happen. A lot depends on ESV share price - if the stock keeps moving mower to $5.50 or something lie that - then the deal could easily fall apart. I sold my shares today at $10.35.
  • ATW has an ongoing P/E of 2.48, it looks pretty undervalued. Fundamental profitability rated "A" at stockFA.
  • GS analyst will get a promotion on his latest up-grade rating............Of course GS most likely shorted the stock based on that.
  • GULTU, for those with patience.
  • What's with the investigations? yahoo page won't load.
  • Does anyone know when the exchange will happen or is that unknown as of yet?