Alpha Gen Capital
Fri, Jul. 22, 2:00 PM
Fri, Jul. 22, 10:49 AM
- Bristow Group (BRS -5.5%) is sharply lower in early trading, perhaps attributable to a negative blog post by short seller Richard Pearson that predicts a 45% drop in the stock.
- In addition to the stock's 80% decline since mid-2015 as bankruptcy fears continue to slowly play out, Pearson points out that BRS has suffered a massive impact due to excess unhedged currency exposure to the British pound and the imploding Nigerian naira.
- The article notes accelerating resignations from management and board members, and that a key replacement director has highlighted specific expertise in bankruptcy.
- Pearson says the catalyst for a 40%-50% drop in the share price is the upcoming earnings call, with a number of new "surprise" disclosures.
Tue, Jul. 5, 5:19 PM
Tue, Jun. 21, 10:55 AM
- Bristow Group (NYSE:BRS) is heading lower in early trade, with the stock down 8.2%.
- BRS shares have fallen over 47% since the beginning of the year.
Tue, Jun. 7, 11:25 AM
- Bristow Group (BRS +2.3%) saw a wave of insider buying last week, notes Insider Monkey.
- CEO Jonathan Baliff (7.6K shares), CFO Don Miller (3.15K shares), CAO Hilary Ware (5K shares), director David Gompert (1.4K shares), and board member Ian Godden (10K shares) all added to their positions.
- Shares of Bristow are up 22% over the last five days.
Fri, May 27, 2:45 PM
Thu, May 26, 3:22 PM
- Bristow Group (BRS -28.1%) CEO Jonathan Baliff says for the first time that the helicopter operator may cancel some orders for new aircraft, amid expectations for a continuing decline in energy-related work.
- In today's earnings conference call, Baliff said the uncertainty has forced BRS to withhold full-year profit guidance, as oil and gas companies cut back on exploration and production, reducing demand for helicopter flights.
- The CEO said BRS plans to return some helicopters to lessors when leases expire and has been in talks with manufacturers to defer some deliveries, but that cancellations are a possibility.
- BRS gets ~75% of its revenue from the energy industry, and its FQ4 revenue from the sector fell 29% Y/Y; overall revenue for the quarter fell 10% to $375M, well below analyst consensus of $407M (FQ4 earnings).
- Now read Bristow Group: Strong sell due to misleading behavior, looming covenant violation, and likely bankruptcy
Thu, May 26, 2:00 PM
Thu, May 26, 12:45 PM
Mon, May 2, 2:12 PM
- Bristow Group (BRS -5.2%) says it has grounded most of its EC225 helicopters, after regulators in Norway and the U.K. barred passenger flights with the model following Friday's fatal crash in the North Sea at the Gullfaks B oil field, killing all 13 people onboard.
- Airbus (OTCPK:EADSF, OTCPK:EADSY), which makes the helicopter, says it sees no need to suspend flights of the model, adding that its experts have conducted on-site inspections of the crashed helicopter parts and found no safety-of-flight risk for the fleet.
- The EC225, which has had previous safety problems with its main gearbox that drives the rotor, is the backbone of North Sea oil and gas helicopter operations.
- Now read The Tuzz Report idea generator: Bristow Group's debt load may ground the stock
Mon, Feb. 22, 9:53 AM
- Bristow (BRS +19.8%) is flying high after CEO Jonathan Baliff bought 2,500 shares of the company, taking his total stake to 27,916 shares, or 0.08% of the firm's total market cap.
- The move comes after board member Ian Godden purchased 2,000 Bristow shares last week, as well as Caledonia Investments taking an 8.08% in the company.
Tue, Feb. 9, 12:48 PM
Tue, Feb. 9, 11:14 AM
Thu, Jan. 7, 11:26 AM
- Crude oil prices likely will stay subdued throughout H1 2016, Oppenheimer's James Schumm says, noting “record pessimism” on futures exchanges and indications from Saudi Arabia that it is preparing for a protracted period of low prices, but he expects oilfield services stocks to recover in H2.
- Schumm says Halliburton (HAL +0.1%) and Schlumberger (SLB -0.3%) will have an advantage, as their client roster includes the high quality E&P companies whereas smaller oilfield services companies (OIH -0.9%) tend to work for the more marginal players.
- Oppenheimer also recommends Weatherford (WFT -2.9%), Superior Energy Services (SPN -2.4%), Bristow Group (BRS -2.4%) and Era Group (ERA -5%) in the sector.
Oct. 14, 2013, 12:56 PM
- Bristow Group (BRS +3.6%) is upgraded to Buy from Speculative Buy with a $98 price target, up from $77, at Global Hunter, which expects BRS to beat the quarter and raise annual guidance which in turn will result in upward revisions to the Street's FY 2015 and 2016 expectations.
- The firm thinks an improved returns profile, recent share gains likely to accelerate given the stranglehold on the industry's order and options book, and likely 20%-plus earnings growth vs. the 10%-15% guidance will change how investors value the stock, moving away from NAV to earnings.
Mar. 26, 2013, 11:53 AM
Bristow Group (BRS +2.2%) is awarded a new contract to provide civilian search and rescue services for all of the U.K. The provider of helicopter services to the offshore energy industry will supply at least 22 helicopters to be located at 10 bases across the country.| Mar. 26, 2013, 11:53 AM