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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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February 25, 2015
05:20 EDTMDRMcDermott and Petrofac form five-year strategic alliance
McDermott and Petrofac Limited announced they have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline, or SURF, projects. The five-year alliance expects to provide oil and gas companies a competitive, integrated solution across a broad range of complex engineer, procure, construct, install Subsea projects in deep and ultra-deepwater across the US Gulf of Mexico, Mexico, Brazil, the North Sea, Mediterranean and West Africa. SURF projects are expected to be above $200M, with the project scope anticipated to be split between partners roughly equally, but according to the specifics of a particular opportunity, and governed by separate project agreements.

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