Willbros Group Inc., an oilfield services contractor, said Wednesday its board has approved shifting the company's corporate domicile from Panama to Delaware.
Shares of Willbros Group Inc. fell Monday as an analyst cut his price target for the oil industry contractor. Analyst Steven Fisher of UBS Securities said in a note to investors that he reduced the price target to $15 per share from $21.
Willbros Group, Inc. (NYSE: WG) today announcedthat its Board of Directors has approved a plan to reorganize the Companyby changing its corporate domicile from Panama to Delaware and to completeother internal restructuring transactions. Under the plan, Willbros Group,Inc., a newly formed Delaware corporation, will become the parent holdingcompany of Willbros Group, Inc. (Panama). Willbros Group, Inc. (Panama)will continue to own the foreign operations and will spin-off the U.S.operations to the new parent company, Willbros Group, Inc. (Delaware). Thereorganization, other
Willbros Group, Inc. (NYSE: WG) today announcedplans to release third quarter 2008 results on Wednesday, November 5, 2008,after the market closes. In conjunction with the release, Willbros hasscheduled a conference call, which will be broadcast live over the Interneton Thursday, November 6, 2008, at 9:00 a.m. Eastern Time (8:00 a.m.Central).
Stocks discussed in the lightning round session of Jim Cramer?s Mad Money TV program, Friday June 20.
Bullish calls:
John Deere (DE):
?I have to tell you, I think DE down 18 straight points is a buy, not a sell.?
Williams (WMB): ?I like WMB... I'll give you a two-fer... I like Willbros Group?it ain't ending with this natural gas situation.?
Willbros Group (WG) Frontline (FRO): ?I have been recommending and recommending and recommending it, and what happened today? 52-week high. What's the yield?... 15%.?
Wal-Mart (WMT): ?WMT is a buy, buy, buy. A house of pleasure, and I love it.?
Costco (COST), TJX...
No recession in Washington. White House top economist Edward Lazear says he's confident the U.S. is not in recession, and is optimistic stimulus checks will boost growth in the current quarter, earlier than many expect. Lazear notes only two areas of the economy -- retail sales and manufacturing -- are demonstrating recessionary deterioration. Job declines so far are well below those of the 2001 recession, which is considered a mild one. "I would be very surprised if the NBER, looking back at this period, would date this as a recession. Unless, of course, things change in the future and...
Stocks discussed in the lightning round session of Jim Cramer?s Mad Money TV program, Thursday March 20. Click on a stock ticker for more analysis:
Bullish calls:
Willbros Group (WG): ?I want you to buy this one. That's a great oil and gas situation. This pullback in oil is a buying opportunity." ?
Western Refining (WNR): ?I've been negative on the refining margins, but that's done. I want to pull the trigger on America's refiners."
Public Service Enterprise Group (PEG): ?I want to own this one. This stock is down too much, I wish I owned it."
Enterprise Products Partners (EPD): ?Hedge funds...
Stocks discussed in the lightning round session of Jim Cramer?s Mad Money TV program, Wednesday March 5. Click on a stock ticker for more analysis:
Bullish calls:
Oracle (ORCL):
?I like Oracle.?
Salesforce.com (CRM): ?I like CRM more than I like Orca, the killer tech stock...?
Caterpillar (CAT): ?CAT can be bought below $70, pull the trigger. They are no longer hostage to the U.S. economy, and I think that's a terrific thing.?
Global Industries (GLBL): ? I like them... I don't understand why that stock is so darn low...?
Willbros Group (WG): ? ? looked like it reported a bad quarter but, by the...
Fund manager Amit Chokshki attended this week's 3rd Annual New York Value Investing Congress on behalf of Seeking Alpha. Here are Amit's notes from the presentation of Scott Bommer, SAB Capital:
Presentation focused
on asymmetric risk and reward whereby focusing on a favorable win/loss
ratio combined with high probability can result in impressive returns.
Look for companies
that are cheap, misunderstood, and have catalysts to drive value; SAB
provided three long picks:
, , ) today announced that its Board of Directors has approved a plan to reorganize the Company by changing its corporate domicile from Panama to Delaware and to complete other internal restructuring ...
Willbros Group ( WG ) appears to be trading at a higher than usual volume today and is now at $9.21 , down $0.35 ( - 3.66 % ) on volume of 2,877,100 shares traded.For the last 30 days WG has ...
AP 11.10 . 08 , 8 : 04 PM ETShares of Willbros Group Inc . fell Monday as an analyst cut his price target for the oil industry contractor.Analyst Steven Fisher of UBS ( nyse : UBS - news - people ...
( RTTNews ) - Willbros Group Inc . ( WG : News ) posted third quarter net income from continuing operations of $19.1 million or $0.46 per share , compared to $10.3 million or $0.32 per share ...
ical industries ; changes in the political and economic environment of the countries in which the Company has operations , as well as other risk factors described from time to time in the Company's ...
Willbros Group , Inc . ( NYSE : WG ) today announced plans to release third quarter 2008 results on Wednesday , November 5 , 2008 , after the market closes.In conjunction with the release , Willbros ...
Form4Oracle , LLC specializes in distributing insider trading information published by the SEC , making it accessible and actionable for all types of investors.To learn more about how tracking ...
U.K. stocks ended Monday with losses, with a rally in more defensive names like British American Tobacco and GlaxoSmithKline limiting the fall from companies geared toward commodities and Asia like HSBC Holdings, oil services firm John Wood Group and miner Xstrata.
The rally in London shares is short lived, with investors taking advantage of the brief respite to sell into defensive sectors such as utilities and pharmaceuticals.
