PACD News and Press, Pacific Drilling S.A.

Noble Corp. (NE) agrees to acquire Pacific Drilling (PACD) in an all-stock transaction that combines two offshore drillers that recently emerged from bankruptcy.As part of the deal, Pacific Drilling shareholders will receive 16.6M Noble shares, or nearly 25% of its outstanding shares.Noble, w...

David Abrams’ 13F portfolio value increased this quarter from $3.09B to $3.16B. The number of positions decreased from 20 to 19. Abrams Capital Management increased Energy Transfer LP during the quarter. The top three positions are Lithia Motors, Facebook, and TransDigm Gro...

Pacific Drilling (PACD) says it filed for Chapter 11 bankruptcy and entered into a restructuring support agreement with an ad hoc group of its largest bondholders, citing the COVID-19 crisis and the resulting oil supply and demand imbalance.Pacific Drilling says the restructuring will elimina...

Pacific Drilling S.A. (NYSE: PACD) announced today that it and certain of its domestic and international subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas ...

Pacific Drilling S.A. (NYSE: PACD) (the “Company”) announced today that the High Court in London has denied the application of the Company’s subsidiaries Pacific Drilling VIII Limited (“PDVIII”) and Pacific Drilling Services, Inc. (“PDSI”...

In a series of recent articles, I have covered the bottom 50 stocks in the large-cap S&P 500, the mid-cap S&P 400, and the small-cap S&P 600. Those three indices cover 1500 stocks, but there are still more than 2200 listed U.S. companies not represented in those indices. ...

Pacific Drilling announced that it chose not to make interest payments on its debt. The stock rallied, gaining more than 50% at one point. Such things happen in pre-bankruptcy stocks, and Pacific Drilling shareholders are still set for a wipeout in the upcoming restructuring. ...

Are These On Your Penny Stocks To Watch List Right Now? This week we’ve got a ton of things to think about no matter if its penny stocks or blue-chips . Regardless of the broader repercussions that may come Monday morning, there are several penny stocks to watch based...

Pacific Drilling ([[PACD]] -5.1%) looks like the next oil and gas name on the verge of bankruptcy after electing not to make the $31.4M interest payment due today for its 8.375% first lien notes due 2023 and the $19.6M PIK interest payment also due today, according to an 8-K filing.The compan...

Note: I have covered Transocean (NYSE: RIG ) previously, so investors should view this as an update to my earlier articles on the company. On Wednesday, leading offshore driller Valaris PLC ( OTCPK:VALPQ ) finally filed for bankruptcy , a move that had been anticipated by the in...