Market Currents

• Thursday, February 19, 2009

• 15:10 PM Notable earnings after Thursday's close: ANH, BRCD, BUCY, CECO, CENX, CROX, CYH, DRYS, GW, INTU, LHO, MYL, OSIP, RIO, SAPE, TSO Comment!
• 00:10 AM Notable earnings after Thursday's close: ANH, BRCD, BUCY, CECO, CENX, CROX, CYH, DRYS, GW, INTU, LHO, MYL, OSIP, RIO, SAPE, TSO Comment!

• Tuesday, December 23, 2008

• 09:01 AM Premarket losers: SAY -14%. AMAG -12%. EWT -9%. GM -7%. DRYS -6%. DHI -6%. GW -5%. F -5%. Comment!

• Monday, December 22, 2008

• 10:01 AM Grey Wolf (GW) is down 42% after the deadline passes for shareholders to exchange their shares for cash. As of today, each share of Grey Wolf can only be redeemed for 0.4225 shares of Precision Drilling (PDS) stock, pending a vote tomorrow. This one is a head scratcher. Comment!
• 09:00 AM Premarket losers: GW -46%. GM -8%. WAG -7%. LYG -6%. XL -5%. GNW -4%. PAY -3%. MON -3%. CIT -3%. Comment!

• Wednesday, December 3, 2008

• 09:21 AM Premarket gainers: GW +22%. CEG +21%. WAG +17%. MRVL +11.8%. ETP +4.8%. Comment!

• Wednesday, October 29, 2008

• 00:05 AM Notable earnings before Wednesday's open: AET, AG, AGN, ALO, ANR, BPO, BWA, CINF, CMCSA, GLW, GRMN, GW, HERO, HES, IMA, IVZ, JNY, K, KEM, KFT, LAZ, LM, MCO, MGM, MWV, NBL, NEM, NXY, NYB, OC, ODP, PG, PX, Q, SEE, SHPGY, SLAB, SNE, SPR, SPW, SU, TSO, VPHM, WEC, WPI Comment!

• Monday, August 25, 2008

• 08:15 AM Precision Drilling Trust (PDS) will buy U.S. drilling company Grey Wolf (GW) for about $2B in cash and stock. Comment!

• Thursday, July 31, 2008

• 15:10 PM Notable earnings after Thursday's close: AOC, ATVID, AVR, CA, CEM, CHK, CQB, CTSH, DCT, ERJ, EXTR, GFIG, GW, KLAC, MEE, MFE, MNST, OIS, PWAV, RNWK, SGMS, SYNA, TMA, VCLK, VPRT, VRTX Comment!
• 00:20 AM Notable earnings after Thursday's close: AOC, AVR, CA, CEM, CHK, CQB, CTSH, DCT, ERJ, EXTR, GFIG, GW, KLAC, MEE, MFE, MNST, OIS, PWAV, RNWK, SGMS, SYNA, TMA, VCLK, VPRT, VRTX Comment!

• Thursday, June 12, 2008

• 09:12 AM Grey Wolf (GW) says recent $1.6B offer by Precision Drilling (PDS) is not superior to its pending merger with Basic Energy Services (BAS). The bid sent GW up 10.4% and PDS down 3.9%. Comment!

• Tuesday, June 10, 2008

• 15:15 PM Precision Drilling (PDS -3.9%) confirms $1.6B, $9/share offer for Grey Wolf (GW +10.4%) -- which will give the Canadian driller a "significant U.S. footprint." Comment!