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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:58 EDTATWAtwood Oceanics announces contract extension for Atwood Aurora
Atwood Oceanics announced that one of its subsidiaries has been awarded an extension to the drilling services contract with Addax Petroleum Cameroon Limited for the jack-up drilling unit Atwood Aurora. The original contract for a one year term to be performed offshore Cameroon has been lengthened to a term of two years, and the operating dayrate for the full two-year term will be approximately $185,000 or $158,000, depending on the well location. Cost escalation provisions will apply at the beginning of the second year of the contract term. Contract commencement is expected to occur in July 2014 in direct continuation of previously announced contractual commitments. With this extension, the firm contractual commitment for the Atwood Aurora is expected to extend to July 2016.
News For ATW From The Last 14 Days
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July 16, 2014
14:30 EDTATWAtwood Oceanics mentioned as potential takeover target by The Deal
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July 15, 2014
10:00 EDTATWOn The Fly: Analyst Upgrade Summary
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06:41 EDTATWAtwood Oceanics upgraded to Market Perform from Underperform at BMO Capital
BMO upgraded the offshore drillers to Market Perform from Underperform citing valuation, reduced expectations, and a slow resumption in activity. Price target raised to $50 from $45.

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