Allis-Chalmers
Energy, Inc - ALY -
UPDATE 1-Allis-Chalmers to buy $74.8 mln worth of senior notes - Sourced WhisperFromWallStreet.com
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Allis-Chalmers Energy, Inc.
2.52 Up 0.21 (9.09%) 9:51AM ET
Allis-Chalmers Energy Inc (ALY.N) said it will buy up to $74.8 million of its
senior notes with funds from a rights offering completed on Friday.
ABOUT
Allis-Chalmers Energy Inc. provides services and equipment to the oil and
natural gas exploration and production companies in Texas, Louisiana, Oklahoma,
New Mexico, Colorado, Pennsylvania, and Arkansas; offshore in the Gulf of
Mexico; and Argentina, Brazil, and Mexico. The company offers well planning and
engineering services, directional drilling packages, downhole motor technology,
well site directional supervision, exploratory and development re-entry
drilling, downhole guidance services, and other drilling services to its
customers, including measurement-while-drilling services.
Last Trade: 2.44
Day's Range: 2.31 - 2.45
52wk Range: 0.71 - 18.00
Volume: 75,700
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