Posts Tagged ‘ Pride International ’

The End Is Nigh For Seahawk and Pride

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February 28, 2011
The End Is Nigh For Seahawk and Pride

The final chapter of the Pride International (PDE)/Seahawk Drilling (HAWK) spinoff is nearly complete. Our earlier post noted that both companies were struggling and considering their respective strategic options. Two companies with the same goal, yet oh so different outcomes. Here is a quick update: Pride, an offshore rig contractor with a deep-water focus...
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New Plans for Pride & Seahawk

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November 5, 2010
New Plans for Pride & Seahawk

Image via Wikipedia Despite the optimism of spinoff investors, not every spin is a success story…at least when measured by stock price appreciation. In late August of 2009, offshore rig contractor Pride International (PDE) spun off its shallow water operations into the newly formed Seahawk Drilling (HAWK). The great ticker could not overcome the...
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