|Bid||6.14 x 124000|
|Ask||6.26 x 11100|
|Day's Range||6.15 - 6.48|
|52 Week Range||5.10 - 26.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 13, 2018 - Feb 19, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.51|
Olsen Energy (FOE.OL) took another dive on Wednesday after it said it stopped paying its creditors to preserve liquidity, in the latest example of a rig firm falling victim to slow demand recovery in the sector. A number of offshore drillers, including Seadrill (SDRL.N), once the world's largest rig company by market capitalisation, were forced to restructure their debts after demand fell sharply due to the oil market's downturn in 2014-2016. Consolidation of smaller players could help the drilling market's recovery, Seadrill's Chief Executive Anton Dibowitz told Reuters on Tuesday.
OSLO (Reuters) - The largest labour union representing workers on Norwegian offshore oil drilling rigs has agreed to a new wage deal, it said on Friday, while a smaller union said it would ask its members ...