(Bloomberg) - A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s largest crude reserves. XOM WFTIF, 2019-08-14 reuters.com (Bloomberg) - The Trump administration extended Chevron Corp.’s waiver to operate in Venezuela, allowing the second-largest U.S. oil explorer to keep its toehold in the crisis-stricken Latin American nation as U.S. sanctions severely restrict crude exports. - HOUSTON (Reuters) - Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Wednesday, as volatile oil and gas prices drive companies to seek protection from creditors.
Fintel currently tracks over 9500 funds and over 63,000 securities traded worldwide. While Halliburton Company showed signs of improvement during the second quarter of 2019, we are staying away from the name and its large net debt load. Thomas Bates Jr. will serve as chairman supported by McCollum as well as John Glick, Neal Goldman, Gordon Hall, Jacqueline Mutschler, and Charles Sledge.
CVX CVX North America land drilling may have peaked, and offshore may not be the catalyst we once thought. “If you’re a company in a situation where you may wind up filing for bankruptcy again, you need to be looking after not the shareholders but also the creditors,” Hirs said. New York investment management firm D.E.
- While Halliburton Company showed signs of improvement during the second quarter of 2019, we are staying away from the name and its large net debt load. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. 3 Weatherford board members unseated in shareholder vote. We will continue to focus our efforts on reducing costs and managing liquidity in the face of this challenging business environment," said Thomas Bates, Jr., Chairman of the Board. - Weatherford International (WFTIQ - Free Report) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2019. A Houston energy exec has been charged in an elaborate scheme to defraud 21 investors out of $1.2 million in oil and gas transactions, according to U.S. Attorney Ryan K. Patrick. SCL Stockholders unseated Weatherford International board chair Thomas Bates and board members John Glick and Gordon Hall during a Friday morning vote. Weatherford emerges from bankruptcy with $10 billion of support. This analysis is for one-year following each trade, and the results are theoretical. Houston energy exec charged for defrauding investors out of $1.2M.
Weatherford International stockholders unseated three board members of the troubled oil-field service company in a Friday morning vote in Houston. by Thomas R Jr Bates in US:WFT / Weatherford International plc. Our Board’s composition is carefully considered by the Corporate Governance and Nominating Committee to ensure diversity in the broadest sense – of culture, background, outlook, experience, and tenure to bring together multiple, complementary perspectives. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Information includes fund holdings, fund sentiment, financial data, and regulatory filings (including SEC, LSE, ASX, and SGX). it is illegal for them to make, Open market or private purchase of non-derivative or derivative security, Open market or private sale of non-derivative or derivative security, Grant, award, or other acquisition of securities from the company (such as an option), Sale or transfer of securities back to the company, Payment of exercise price or tax liability using portion of securities received from the company, Equity swaps and similar hedging transactions, Exercise or conversion of derivative security received from the company (such as an option), A transaction voluntarily reported on Form 4, Other (accompanied by a footnote describing the transaction), Need help or want to help improve Fintel? Stockholders unseated Weatherford International board chair Thomas Bates and board members John Glick and Gordon Hall during a Friday morning vote. WFTIF, 2019-07-24 seekingalpha.com - 1
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Thomas R Jr Bates This page shows the track record and history of BATES THOMAS R JR insider trades in Weatherford International plc. SXEEQ Fuel Fix: Get daily energy news headlines in your inbox. HOUSTON (Reuters) - Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Wednesday, as volatile oil and gas prices drive companies to seek protection from creditors. Thomas R Jr Bates - WFT / Weatherford International plc - Insider Trade Report, Fintel provides real-time email alerts of insider trades by corporate insiders.
In this section, we analyze the profitability of every unplanned, open-market insider purchase made WFTIF, 2019-08-30 rigzone.com Moreover, the oilfield services firm stated the deal is the largest such agreement in company history. OPEC+ faces growing pressure to change course as... Tilman Fertitta’s Golden Nugget in Lake Charles... Chevron overtakes Exxon Mobil as America’s largest... Houston company constructs Permian water recycling... Texas' first aquarium set to permanently close due... Trump and Biden clash on climate in debate.
Frequent CenterPoint outages happen rain or shine,... Beyoncé's second Ivy Park release is on the way. BHI © 2015-2020 Fintel Ventures LLC.
Contact us. Weatherford didn’t reply for comment, but under the company’s bylaws, the remaining board members can fill the vacancies with new member who would stand for election at next year’s annual meeting. Frequent CenterPoint outages happen rain or shine, customers say. We respect the views of all our shareholders, but disagree with D.E. Currently traded as a penny stock, Weatherford expects to return to the New York Stock Exchange after the company reports its fourth quarter earnings, holds an investor call and completes the fresh-start accounting process. Stay ahead of the market with real-time insider trading alerts.
According to a new report from law firm Haynes and Boone LLP, bankruptcies in the upstream sector are increasing this year as energy spot prices remain subdued amid a cyclical downshift in the economy.
The stockholder vote comes less than a week after Weatherford CEO Mark McCollum left the company amid a debt crisis that could lead to the company’s second bankruptcy filing in less than a year. Q&A with a Rice U voting security expert, New drive-thru holiday light park to make debut in Houston area, TEA gives districts option to end online-only classes for struggling students. WFTIQ - North America land drilling may have peaked, and offshore may not be the catalyst we once thought. In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made Weatherford International plc reported Thursday that it has signed an $80 million liner-hanger frame agreement with Equinor ASA.
The oilfield service company filed for Chapter 11 bankruptcy in Houston in July and filed for similar protections with an Irish court in September. Shaw Group officials didn’t reply to requests for comment.
He previously worked at the San Antonio Business Journal, KGBT-TV in the Rio Grande Valley and Al Día in Dallas. Fuel Fix: Get daily energy news headlines in your inbox. Thomas Bates Jr. will serve as chairman supported by McCollum as well as John Glick, Neal Goldman, Gordon Hall, Jacqueline Mutschler, and … WFT Karl Blanchard was named executive vice president and COO in August 2017. This does not mean EQNR University of Houston Economics Professor Ed Hirs said it was “extremely unusual” to see an investor such as D.E. Investor Email Alerts. D.E. 13F Universe (Hedge Fund Holdings Tracker), Half of Venezuela's Oil Rigs May Shut Down If US Waivers Lapse, Bankruptcy Filings Rise Among US Energy Producers, Report | Zero Hedge, Bankruptcy filings by U.S. energy producers pick up speed: law firm analysis, We Are Staying Away From Halliburton - Halliburton Company (NYSE:HAL) | Seeking Alpha, Will Weatherford International (WFTIQ) Report Negative Q2 Earnings? by Thomas R Jr Bates in US:WFT / Weatherford International plc. 2019-10-31 rigzone.com - 4 The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. From left: Thomas Bates… That process is expected to be completed by early March. If you require advice in relation to any financial matter you should consult an appropriate professional. WFT
- According to a new report from law firm Haynes and Boone LLP, bankruptcies in the upstream sector are increasing this year as energy spot prices remain subdued amid a cyclical downshift in the economy. This analysis is for one-year following each trade, and the results are theoretical. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. WFTIF, 2019-07-19 zacks.com Struggling oilfield services company Weatherford International had a loss of $821 million in third quarter of 2019. OIS Shaw to campaign for the ouster of board members without proposing an alternative slate. The following table shows the most recent open market purchases that were not part of an automatic trading plan. - (Bloomberg) - A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s largest crude reserves. In a Friday morning statement, Weatherford announced that the company emerged from Chapter 11 with $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450 million revolving credit facility, secured a $195 million letter of credit facility, and secured over $900 million of liquidity. From left: Thomas Bates, ... said Monday it will try to remove Weatherford board Chairman Thomas Bates and members John Glick and Gordon Hall at the company's shareholder meeting June 12. WFT Mr. Bates concluded, "On behalf of the Board, we thank Mark for his contributions to Weatherford. Sergio Chapa covers the oil & gas industry for the Houston Chronicle and writes for Texas Inc., a weekly Monday insert dedicated to covering the most powerful business leaders in Texas. Weatherford defended the three men. Houston energy exec charged for defrauding investors... Exxon to cut 1,900 jobs, mostly in Houston area, The most forgettable video app dissolves after 6 months. SLB Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. "This is a notable day for Weatherford as we have emerged as a stronger, more focused organization," Weatherford CEO Mark McCollum said in a statement. Headquartered in Switzerland but incorporated in Ireland and its principal offices in Houston, Weatherford has not made a profit since the third quarter of 2014. WFTIF, 2019-08-23 rigzone.com - 1 This website is provided “as is” without any representations or warranties, express or implied. - Struggling oilfield services company Weatherford International had a loss of $821 million in third quarter of 2019.
Sergio Chapa covers the oil & gas industry for the Houston Chronicle and writes for Texas Inc., a weekly Monday insert dedicated to covering the most powerful business leaders in Texas. WFTIQ WFT Insider Trading Anomaly: Does this Insider's Trades Predict Future Stock Performance?