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Stock Market & Financial Investment News

News Breaks
June 4, 2014
08:31 EDTDRYSDryShips unit signs drilling contract
DryShips and through its majority owned subsidiary, Ocean Rig UDW that Ocean Rig has signed a drilling contract for one of its semi-submersible drilling rigs, the Eirik Raude. The drilling contract is for a minimum six-well program, with an estimated duration of about 260 days, for drilling offshore the Falkland Islands, with an estimated backlog of approximately $165M. The rig is scheduled to commence this contract in 1Q15.
News For DRYS From The Last 14 Days
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May 18, 2015
09:04 EDTDRYSDryShips announces contract extension, new contract for Ocean Rig Olympia
DryShips (DRYS), through its majority owned subsidiary, Ocean Rig UDW (ORIG) of off-shore deepwater drilling services, announced that in connection with the previously announced Omnibus Agreement with ENI Angola S.p.A, all closing conditions including approvals by national authorities and signing of definitive documentation have been satisfied. As a result Ocean Rig has extended the contract for the drillship Ocean Rig Poseidon for a further one year until 2Q17 with total contract backlog now standing at about $367M. In addition, Ocean Rig has entered into a new contract for the drillship Ocean Rig Olympia to drill offshore Angola commencing in Q3 for a minimum of 8 months with a total contract backlog of about $91M.
May 11, 2015
19:15 EDTDRYSOn The Fly: After Hours Movers
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16:10 EDTDRYSDryShips reports Q1 EPS with charge (9c), consensus 3c
Reports Q1 revenue $457.5M, consensus $482.5M. Included in results is an impairment charge on ten tanker vessels, of $56.6M, or 8.5c per share

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