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OSGIQ.PK

Overseas Shipholding Group Inc.

5/22/2013, 2:45 PM ET

Quote & Headlines Market Currents StockTalk

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| On the move

Monday, May 13, 12:16 PM Oil tanker trade is growing at its fastest pace in 10 years as the U.S. production boom is forcing exporters, who used to ship oil to U.S. markets, to find new customers on different trade routes, FT reports. A 10% jump in the number of oil-ton miles comes even as the volume of oil traded has flatlined, good news for tanker companies such as Frontline (FRO +8.6%) and Overseas Shipholding (OSGIQ.PK +3.3%). 1 Comment [Energy, On the Move]
Wednesday, November 14, 2012, 8:22 AM Overseas Shipholding (OSG) files for Chapter 11 bankruptcy protection. The world's no. 2 independent tanker operator has been struggling to plug a $300M shortfall in its $1.5B fully drawn revolving credit facility, and warned last month that it may have to seek bankruptcy protection. OSG -61% premarket; FRO +10.2%. Comment! [Energy, On the Move]
Tuesday, November 13, 2012, 5:53 PM Overseas Shipholding (OSG) files to delay its 10-Q. The time frame for completing the review is not currently known. However, it is anticipated to be beyond the permitted extension date of November 14. Comment!
Friday, November 9, 2012, 12:45 PM Midday top 10 gainers: HWG +66%. KIPS +41%. KYAK +27%. ZIP +25%. SQNM +22%. UBNT +19%. DGIT +17%. SQI +16%. CYTX +16%. ISIS +15%. Midday top 10 Losers: GRPN -27%. DTSI -26%. SCLN -24%. IDN -23%. RNDY -21%. III -17%. ADEP -17%. OSG -17%. STRA -16%. PTIX -15%. Comment!
Friday, October 26, 2012, 4:05 PM Tank-barge operator Kirby Corp. (KEX +5.5%) will replace bulk shipper Overseas Shipholding Group (OSG -5.4%) in the Dow Jones Transportation Average after the close of trading on Monday. The index change is being done because OSG announced earlier this week it is evaluating strategic options, including a potential Chapter 11 and certain previously issued financial statements shouldn't be relied on. Comment! [On the Move]
Friday, October 26, 2012, 9:28 AM Carrizo Oil & Gas (CRZO) +5% premarket on news the stock will replace Overseas Shipholding Group (OSG) in the S&P SmallCap 600 index after the close of trading on Oct. 29. Comment! [Energy, On the Move]
Tuesday, October 23, 2012, 3:58 PM Overseas Shipholding (OSG +21.1%) shares bounce back somewhat after yesterday's precipitous fall, but they're chopped in half since Friday's close. OSG warned it's evaluating strategic options, including potential bankruptcy protection, and said several previous financial statements shouldn't be relied on. Comment! [On the Move]
Tuesday, October 23, 2012, 12:45 PM Midday top 10 gainers: ANNB +48%. HLYS +22%. BSDM +21%. OSG +20%. COGO +13%. MNI +9%. ARMH +9%. MUSA +8%. VRNG +8%. COH +8%.
Top 10 Losers: BCOM -13%. TDG -11%. LAWS -10%. VSCI -10%. MNST -10%. TROX -10%. HSTM -10%. ALV -10%. DVR -9%. PTNR -9%. 1 Comment [On the Move]
Tuesday, October 23, 2012, 7:38 AM Jefferies slashes its price target on Overseas Shipholding Group (OSG) down to $1 from $3 after the company warned it might have to file for bankruptcy. The dire news from the company also rattled other tanker stocks yesterday - including Teekay (TK), StealthGas (GASS), and Scorpio Tankers (STNG) - as smooth sailing doesn't look likely with oil demand below forecasts. Comment! [Consumer]
Monday, October 22, 2012, 12:45 PM Midday top 10 gainers: STXS +56%. SVU +35%. CASC +18%. PGRX +14%. GURE +13%. CRMB +13%. LLEN +12%. CHC +12%. PRWT +11%. PETS +11%.
Top 10 Losers: OSG -63%. BSAC -62%. FSCI -29%. MSN -19%. ZN -18%. AVID -15%. HRT -6%. FDML -12%. DHRM -11%. CLWT -11%. 1 Comment [On the Move]
Monday, October 22, 2012, 9:10 AM Premarket gainers: PGRX +42%. SUPN +16%. SVU +7%. ACOM +8%. OREX +7%. NBG +6%. BTU +6%. PHG +6%. GIVN +6%.
Losers: OSG -50%. NXY -7%. Comment! [On the Move]
Monday, October 22, 2012, 8:44 AM Overseas Shipholding Group (OSG) -47% premarket after saying financial statements for the last 3 years "should no longer be relied upon." The company is evaluating strategic options, including a Chapter 11 bankruptcy filing. (8-K) 3 Comments [Global & FX, On the Move]
Friday, October 19, 2012, 9:12 AM Shipping stocks could see volatility after Deutsche Bank clips its rating on Genco Shipping. If history is any guide, when one sector name sneezes the rest catch a cold. On watch: DRYS, PRGN, EXM, FRO, OSG, NAT, OSK, TNK, TNP. 1 Comment [Consumer, On the Move]
Wednesday, October 17, 2012, 12:45 PM Midday top 10 gainers: CYMI +51%. SIFY +27%. MTG +22%. IGLD +21%. BCOM +21%. TSRI +20%. REDF +14%. BMI +14%. URI +14%. DF +13.
Top 10 Losers: FTNT -20%. APOL -19%. DSTI -14%. CHKP -12%. INVE -11%. OSG -11%. FIRE -10%. STLY -8%. MARK -8%. TXT -7%. Comment! [On the Move]
Wednesday, October 17, 2012, 9:44 AM Overseas Shipholding (OSG) continues its free-fall, -10.3% off the open after yesterday's 27% nosedive on reports it has maxed out its lending facilities and could soon face a liquidity squeeze ahead of upcoming maturities. Shares have now tumbled 69% YTD. Comment! [On the Move]
Tuesday, October 16, 2012, 5:11 PM Overseas Shipholding (OSG -27.2%) shares took a huge hit today on concerns it has maxed out its lending facilities and could soon face a liquidity squeeze. Goldman Sachs and UBS reportedly are shopping around ~$100M in the tanker's revolver, looking to create a market for the debt before OSG needs to refinance $1.5B early next year. Shares are down by two-thirds YTD. Comment! [On the Move]