Active Stocks in the Spotlight: Ocean Rig UDW Inc (NASDAQ:ORIG)

Active Stocks

Shares of Ocean Rig UDW Inc (NASDAQ:ORIG), increased 2.34% to $ 2.62. 3.85 shares of the organization were traded.


Ocean Rig UDW Inc., a seaward boring temporary worker, gives oilfield administrations to seaward oil and gas investigation, improvement, and generation boring. It has some expertise in the ultra-deepwater and unforgiving environment section of the seaward penetrating industry.

The stock is down – 81.53% in this year through last close, and the beta proportion has an estimation of 1.79. The stock, as of late close, has demonstrated week by week cheery execution of 23.00% which was kept up at – 14.10% in 1-month period.

Sea Rig UDW Inc. ( ORIG) a worldwide supplier of seaward deepwater boring administrations, proclaimed as of late the accompanying armada upgrade:

The Ocean Rig Olympia has effectively begun its new contract in Angola as of August 15, 2015. The apparatus is unsurprising to move to the Ivory Coast for one well in the final quarter of 2015 and come back to Angola to finish its remaining contract until June 2016. In the blink of an eye, there are no prospects for further vocation and if no work is discovered the apparatus will be cool stacked and the separate SPS will be put off.

The Ocean Rig Skyros has effectively begun its new six year contract in Angola as of October 1, 2015.

The Eirik Raude is without further ado finishing up its third well in a six-well program in the Falklands and is presently unsurprising to stay utilized in the Falkland Islands into January of 2016. In a matter of seconds, there are no further prospects of job for the apparatus in the Falkland Islands and if no work is discovered the apparatus will be icy stacked and the Company will consider every one of its choices checking arranging or scrapping the unit.

The Leiv Eiriksson is presently closing its present well in Norway. As of the date of this press discharge, there is no further program for the unit under its present contract which is unsurprising to terminate in March 2016. Right away, there are few further prospects of job for the apparatus and if no vocation is discovered the apparatus will be cool stacked and the Company will consider every one of its alternatives numbering arranging or scrapping the unit.

The Ocean Rig Mylos is presently finishing up its flow well in Brazil. On September 25, 2015 we got notification of material rupture under the agreement which qualifies our customer for end the agreement if such break is not helped inside 75 days. We trust that such notice is absolutely without legitimacy and we plan to overwhelmingly protect our rights under the agreement.

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Kristen Rose
University graduate with a bachelor's degree in business administration. Kristen is the Finance Editor, overseeing markets, economics, wealth, fintech, banking, and regulation coverage, based in London. She like to keep things simple, enjoy life, & appreciate everything around me.♡