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Earlier this month, I wrote about a deal reached by Nordic American Offshore ( NAO ), its creditors and shareholder Scorpio Offshore. The company has published the details of the deal, so investors and traders now have more details on the dilution and fleet composition. Here’s the n...
Hamilton, Bermuda-April 10, 2019-Nordic American Offshore Ltd. (the "Company" or "NAO") announced today that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc. for 8,126,219 common shares at $2.7774/ share. In a separate transaction...
Following several waiver extensions, Nordic American Offshore ( NAO ) announced that it reached an agreement with creditors. Also, the company will acquire additional vessels from Scorpio Offshore and will get an equity line of credit. These are all very major developments for the company, s...
Brent oil ( BNO ) quickly spurted to $71 per barrel as tensions in Libya intensified and the U.S. labeled Iran’s Revolutionary Guards as a terrorist group. The whole setup was favorable for everything oil-related to rally, but offshore drilling stocks had a disappointing day. At the...
Gainers: Nordic American Offshore (NYSE: NAO ) +33%. Melinta Therapeutics (NASDAQ: MLNT ) +23% . New Age Beverages (NASDAQ: NBEV ) +21% . Celldex Therapeutics (NASDAQ: CLDX ) +18% . Reliv International (NASDAQ: RELV ) +18% . Niu Technologies (NASDAQ: NIU ) +18% . Laredo Petrol...
Hamilton, Bermuda-April 8, 2019-Nordic American Offshore Ltd. (the "Company" or "NAO") announced today that it has reached agreement with the lenders under the Company's $150 million Revolving Credit Facility, dated March 16, 2015 (the "Credit Facility") pursuant to which the lenders ha...
Hamilton, Bermuda-March 25, 2019-As advised by Nordic American Offshore Ltd. (the "Company" or "NAO") in its press release on March 12, 2019 the waivers under the Company's $150,000,000 Revolving Credit Facility, dated March 16, 2015 (the "Credit Facility") had been extended until Friday Ma...
Hamilton, Bermuda-March 12, 2019-As advised by Nordic American Offshore Ltd. (the "Company" or "NAO") in its Fourth Quarter 2018 earnings press release on March 4, 2019 the waivers under the Company's $150,000,000 Revolving Credit Facility, dated March 16, 2015 (the "Credit Facility") had b...
Nordic American Offshore ( NAO ) has just reported its Q4 results . Since the company is on the brink of restructuring, this report is especially interesting for both traders and investors. In prior months, Nordic American Offshore received $5 million liquidity injection from Scorpio Offsho...
Link to the complete 4th Quarter 2018 report: http://hugin.info/159489/R/2237201/881216.pdf Hamilton, Bermuda, March 4, 2018. Nordic American Offshore Ltd (NYSE: NAO) ("NAO" or the "Company") today reported its results for the three months and year ended December 31, 2018. Share a...
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Hamilton, Bermuda, June 6, 2019. Nordic American Offshore Ltd., (the "Company") announces its financial results for the three months ended March 31, 2019, the change of the Company's name to Hermitage Offshore Services Ltd. and the appointment of a new Chief Financial Officer. Re...
MONACO, MAY 30, 2019 (GLOBE NEWSWIRE) – Nordic American Offshore Ltd. (NYSE: NAO ) ("NAO," or the "Company") announced today that the Company plans to issue its financial results for the first quarter 2019 before the open of trading in the U.S. on Thursday, June 6, 2019. A...
Hamilton, Bermuda-April 10, 2019-Nordic American Offshore Ltd. (the "Company" or "NAO") announced today that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc. for 8,126,219 common shares at $2.7774/ share. In a separate transaction...