Seahawk Drilling Inc (NASDAQ:HAWK) President and CEO Randy Stilley presented to the Barclays Capital CEO Energy-Power Conference on Thursday. I’ve been following HAWK closely (see the post archive here). It’s a deeply undervalued asset turnaround play with a bad case of seconditis. Once Stilley finds the person sticking the pins in the HAWK voodoo doll, HAWK should do [...]
Archive for the ‘Seahawk Drilling (NASDAQ: HAWK)’ Category
Seahawk Drilling Inc (NASDAQ:HAWK) presentation
Posted in About, Seahawk Drilling (NASDAQ: HAWK), Stocks, tagged Seahawk Drilling (NASDAQ: HAWK) on September 20, 2010 | 3 Comments »
Former Icahn lieutenant Rachesky takes position in HAWK
Posted in Activist Investors, Liquidation Value, Seahawk Drilling (NASDAQ: HAWK), Stocks, tagged Mark Rachesky, MHR Fund Management, Seahawk Drilling (NASDAQ: HAWK) on August 19, 2010 | 7 Comments »
Carl Icahn’s former lieutenant Mark Rachesky has opened a position in Seahawk Drilling Inc (NASDAQ:HAWK), a stock I’ve covered in some detail (see the post archive here). Rachesky holds the position in his investment vehicle, MHR Fund Management LLC. Rachesky’s most recent 13F filing indicates he picked up around 1.2M shares for around $11.4M, which implies an average [...]
Guest post: Seahawk Drilling Inc (NASDAQ:HAWK) and the Hacienda
Posted in About, Seahawk Drilling (NASDAQ: HAWK), Stocks, tagged Seahawk Drilling (NASDAQ: HAWK) on August 10, 2010 | 2 Comments »
I’ve recently run a few posts on Seahawk Drilling Inc (NASDAQ:HAWK) (see the post archive here). One of the major issues for HAWK is its Mexican tax dispute. It is a thorny, technical issue for which very few are adequately qualified to comment. Fortunately for holders of HAWK, I have found a practicing tax lawyer [...]
HAWK rig market values
Posted in Liquidation Value, Seahawk Drilling (NASDAQ: HAWK), Stocks, tagged Liquidating Value, Seahawk Drilling (NASDAQ: HAWK) on July 6, 2010 | 4 Comments »
Further to my Seahawk Drilling, Inc. (NASDAQ:HAWK) liquidation value post, I set out below the slightly more optimistic valuation of HAWK’s rigs if they can be sold as operating rigs. Here is a guide to the second-hand market for rigs (click to enlarge): I’ve combined it with the list of HAWK’s rigs and their operating status from the July [...]
HAWK liquidation values
Posted in About, Liquidation Value, Seahawk Drilling (NASDAQ: HAWK), Stocks, tagged Liquidation Value, Seahawk Drilling (NASDAQ: HAWK) on June 30, 2010 | 7 Comments »
Seahawk Drilling, Inc. (NASDAQ:HAWK), which I’ve posted about before, has taken a pounding over the last few days, down over 11% just yesterday to close at $9.61. It seems crazy to me. HAWK is cheap as a going concern, but with its market capitalization at $113M, it’s now at a hefty discount to its liquidation value. Here’s [...]
Seahawk Drilling (NASDAQ:HAWK) redux
Posted in Seahawk Drilling (NASDAQ: HAWK), Stocks, tagged Seahawk Drilling (NASDAQ: HAWK) on June 3, 2010 | 5 Comments »
Update: Links to Ben’s post have been fixed. In September last year Ben Bortner provided a guest post on Seahawk Drilling (NASDAQ: HAWK). I said at the time that HAWK was not a typical Greenbackd stock, but it warranted consideration at a discount to Ben’s estimate of liquidation value. HAWK has been cut in half since Ben’s [...]
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