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Stock Market & Financial Investment News

News Breaks
November 8, 2011
09:54 EDTMDRMcDermott calls active on renewed takeover chatter
McDermott November 12 and 13 calls are active on total call volume of 10,500 contracts (328 puts) following renewed takeover chatter. November call option implied volatility is at 87, December is at 77; above its 26-week average of 54 according to Track Data, suggesting traders taking positions for large price movement.
News For MDR From The Last 14 Days
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March 30, 2015
17:43 EDTMDRMcDermott awarded Chevron subsea installation contract
McDermott International (MDR) announced that it has been awarded a sizeable contract to transport and install subsea umbilicals, manifolds, jumpers and flying leads for Chevron (CVX) to support the brownfield expansion of the Jack and St. Malo fields in the U.S. Gulf of Mexico. The value of the award is included in McDermott’s first quarter backlog. McDermott’s subsea construction vessel, North Ocean 102, is expected to transport and install 30 miles of umbilicals and associated flying leads. The final jumper assembly is scheduled to be completed at McDermott’s Gulfport Spoolbase in Mississippi prior to installation by McDermott’s Derrick Barge 50 utilizing its deepwater lowering system. The installation campaign is expected to commence in the second quarter.
March 24, 2015
12:19 EDTMDRMcDermott sees $50M cash savings in 2015
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