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Stock Market & Financial Investment News

News Breaks
August 8, 2014
09:42 EDTICDIndependence Contract Drilling 10M share IPO priced at $11.00
The deal priced below the $14.00-$16.00 range. Morgan Stanley, RBC Capital and Tudor Pickering acted as joint book running managers for the offering.
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September 11, 2014
07:08 EDTICDIndependence Contract Drilling announces new multi-year term contract
On August 18, the company's tenth ShaleDriller rig commenced drilling operations on a multi-year term contract. The Company's 11th ShaleDriller rig is scheduled for completion in December and is expected to commence drilling operations at the end of the year. The company also has a rig that is being fitted with a multi-directional walking system that is scheduled for completion in October 2014 and should recommence drilling operations by the end of that month. With respect to the company's recently signed new build contract, the company currently estimates that the rig associated with this contract will be completed and commence drilling operations by the end of the 1Q15.
07:06 EDTICDIndependence Contract Drilling reports Q2 EPS ex-items (9c), consensus (23c)
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