|Bid||0.00 x 1200|
|Ask||0.00 x 3000|
|Day's Range||8.94 - 8.98|
|52 Week Range||3.41 - 21.17|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
WASHINGTON—The former chief executive of offshore oil and gas driller Energy XXI Ltd., once the largest publicly traded shallow-water Gulf of Mexico producer, settled an investigation into more than $10 million in undisclosed loans he took from contractors and a portfolio manager at the firm’s largest shareholder. John Schiller agreed to a five-year ban as a corporate officer of a public company and will pay $180,000 to settle the Securities and Exchange Commission probe. The SEC on Monday alleged that Mr. Schiller failed to disclose that he traded business contracts for personal loans when he needed cash to meet margin calls on other loans he took.
Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (EGC) provided the following comments regarding the issuance of a news release today by the Securities and Exchange Commission (“SEC”) in which the SEC announced a settlement with, a former officer and a former outside director of Energy XXI Ltd (“EXXI Ltd”), the predecessor to Energy XXI Gulf Coast, Inc. “The activities by the individuals noted in the release that are the subject of the SEC’s actions occurred prior to EXXI Ltd’s filing for bankruptcy in April 2016. EXXI Ltd was dissolved on June 29, 2017.
The former chief executive of Energy XXI Ltd agreed to settle civil charges that he failed to disclose to investors more than $10 million in personal loans obtained from company vendors and a candidate for the company's board, the U.S. Securities and Exchange Commission said. John D. Schiller Jr agreed to settle the case without admitting or denying the charges, by paying a $180,000 penalty and not serving as an officer or director of a public company for five years, the SEC said on Monday. "Mr. Schiller cooperated fully with the SEC in its investigation and is happy to put this matter behind him with this settlement," Schiller's attorney, Barrett Reasoner, said.
A former chief executive of Energy XXI Ltd was charged on Monday with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for the company's board, the U.S. Securities and Exchange Commission said. The SEC said in a statement that former Energy XXI CEO John D. Schiller Jr. maintained an extravagant lifestyle using a highly leveraged margin account secured by his company stock. When he faced a margin call in 2014, he obtained $7.5 million in undisclosed personal loans from company vendors in exchange for business contracts, the SEC alleged in a complaint.
BERWYN, Pa. , July 13, 2018 /PRNewswire/ -- RM LAW, P.C. is investigating potential claims against the board of directors of Energy XXI Gulf Coast, Inc. ("EGC" or the "Company") (NASDAQ: ...
The Oil & Gas Conference® 2018 presenting companies: - 40 North American shale E&Ps - 7 international E&Ps - 10 other producers - 9 oilfield service providers - 9 private E&Ps, midstream and data providers ...
NEW YORK, July 10, 2018-- Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Energy XXI Gulf Coast, Inc. stockholders concerning the proposed acquisition of the company by Cox Oil. ...
BALA CYNWYD, PA / ACCESSWIRE / July 10, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Energy XXI Gulf Coast, Inc. ("Energy XXI" or "the Company") (NASDAQ:EGC News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to an affiliate of Cox Oil ("Cox"). Under the terms of the transaction, Energy XXI shareholders will receive only $9.10 in cash for each share of Energy XXI stock they own. The investigation concerns whether the Board of Energy XXI breached their fiduciary duties to shareholders and whether Cox is underpaying for the Company.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Energy XXI Gulf Coast, Inc.
This morning, WallStEquities.com covers the Independent Oil and Gas space to see how select stocks have fared at the close of the last trading session: Energy XXI Gulf Coast Inc. (NASDAQ: EGC), EnLink Midstream Partners L.P. (NYSE: ENLK), Enterprise Products Partners L.P. (NYSE: EPD), and EOG Resources Inc. (NYSE: EOG). Last Friday at the close, shares in Houston, Texas headquartered Energy XXI Gulf Coast Inc. ended flat at $9.00.
Energy XXI Gulf Coast, Inc. (EGC) has been on the move lately as the stock has risen by 19% in the past four weeks, and it is currently trading well above its 20-Day SMA
Let’s look now at the top percentage gainers from the upstream sector in the United States from June 18–20. To compile the list, we only used oil and gas producers with market capitalizations greater than $100 million and an average trading volume greater than 100,000 shares last week.
Houston-based Energy XXI Gulf Coast Inc. (Nasdaq: EGC) will be acquired in a $322 million deal by another Gulf of Mexico operator. The announcement comes after the company made a $2.3 billion acquisition, went through a Chapter 11 restructuring and shook up its leadership over the past few years.
NEW ORLEANS , June 20, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
WeissLaw is investigating whether EGC's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the acquisition is a strategic transaction, which, according to Cox' Chairman and CEO "expands [Cox's] presence in the Gulf of Mexico . . .
ExxonMobil (XOM) is set to collaborate on a pipeline to ease the Permian glut, Chevron (CVX) starts production at second Wheatstone LNG train and Transocean (RIG) will retire four rigs.
Do you own shares of Energy XXI Gulf Coast, Inc. (NASDAQ GS: EGC)? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (NASDAQ GS: EGC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by an affiliate of Cox Oil (“Cox”) in a transaction valued at approximately $322 billion. Under the terms of the agreement, shareholders of EGC will receive $9.10 in cash for each share of EGC common stock.
The acquisition offers Energy XXI (EGC) the much-needed respite and best solution to maximize its shareholders' value amid its distressing financials.
SAN DIEGO , June 18, 2018 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against Energy XXI Gulf Coast, Inc., and Perry Ellis International, Inc. as detailed ...
The announcement comes after Energy XXI made a major acquisition, went through a Chapter 11 restructuring and shook up its leadership over the past few years.
Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (EGC) today announced the signing of a definitive agreement with a Cox Oil affiliate (“Cox”), an independent, privately-held entity that owns and operates assets in the Gulf of Mexico, pursuant to which Cox will acquire all the outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of approximately $322 million. This represents a 21% premium to EGC’s closing share price on June 15, 2018. EGC’s Board of Directors unanimously approved the proposed transaction with Cox after evaluating multiple transactions, including a proposal from Orinoco Natural Resources, LLC (“ONR”) and its affiliates to assume EGC’s non-core asset portfolio and related asset retirement obligations. EGC has ceased all negotiations with ONR and its affiliates regarding the non-binding term sheet announced on May 10, 2018.
Presenters include U.S. and Canadian shale producers, Gulf of Mexico and Latin American producers, expert panel discussion on Mexico's growing E&P opportunities DENVER , June 13, 2018 /PRNewswire/ -- EnerCom, ...
For today, WallStEquities.com covers the Independent Oil and Gas space, which explores for and produces oil and gas. It typically does not own refining, processing, or marketing assets to prepare that oil and gas, and then sell the product directly to end users. Lined up for review this morning are four equities: Energy XXI Gulf Coast Inc. (NASDAQ: EGC), Hess Corp. (NYSE: HES), HighPoint Resources Corp. (NYSE: HPR), and Jones Energy Inc. (NYSE: JONE).
HOUSTON, May 10, 2018-- Energy XXI Gulf Coast, Inc. today reported financial and operational results for the first quarter 2018. In a separate press release, the Company also announced that it has signed ...