stocktrademan
10 years ago
$NOA recent news/filings
bullish
bullish divergence
moving average breakout and retest
double bottom
has a lot of room to move
## source: finance.yahoo.com
Wed, 11 Mar 2015 21:07:29 GMT ~ North American Energy Partners Announces Declaration of Quarterly Dividend
[at noodls] - EDMONTON, ALBERTA--(Marketwired - Feb. 23, 2015) - North American Energy Partners Inc. ("NAEP" or "the Company") (TSX:NOA)(NYSE:NOA) today announced that its Board of Directors has ...
read full: http://www.noodls.com/view/25316476DD2180FAE96B29EC18756B0B26E0D45D
*********************************************************
Wed, 11 Mar 2015 20:30:00 GMT ~ North American Energy Partners Announces Resignation of Chief Financial Officer
[Marketwired] - North American Energy Partners Inc. today announced that its Chief Financial Officer, David Blackley has resigned effective as of today. "I would like to thank David for his considerable contribution ...
read full: http://finance.yahoo.com/news/north-american-energy-partners-announces-203000778.html
*********************************************************
Wed, 25 Feb 2015 20:11:00 GMT ~ Room To Maneuver: Oil And Gas M&A Chatter Abounds, But Producers Have Plenty Of Options
read full: http://www.forbes.com/sites/mergermarket/2015/02/25/room-to-maneuver-oil-and-gas-ma-chatter-abounds-but-producers-have-plenty-of-options/?utm_campaign=yahootix&partner=yahootix
*********************************************************
Tue, 24 Feb 2015 18:04:07 GMT ~ NORTH AMERICAN ENERGY PARTNERS INC. Financials
read full: http://finance.yahoo.com/q/is?s=noa&annual
*********************************************************
Mon, 23 Feb 2015 22:30:00 GMT ~ North American Energy Partners Announces Declaration of Quarterly Dividend
[Marketwired] - - North American Energy Partners Inc. today announced that its Board of Directors has declared a quarterly dividend of two Canadian cents per common share, payable to common shareholders of record at the ...
read full: http://finance.yahoo.com/news/north-american-energy-partners-announces-223000615.html
*********************************************************
$NOA charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$NOA company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/NOA/company-info
Ticker: $NOA
OTC Market Place: Not Available
CIK code: 0001368519
Company name: North American Energy Partners Inc.
Incorporated In: Canada
$NOA share structure
## source: otcmarkets.com
Market Value: $107,216,422 a/o Apr 10, 2015
Shares Outstanding: l PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "
$UPERMAN
13 years ago
North American Energy Partners Appoints Martin Ferron as Chief Executive Officer
North American Energy Partners Inc. (TSE:NOA)
Today : Monday 28 May 2012
North American Energy Partners Inc. ("NAEP" or "the Company") (TSX:NOA) (NYSE:NOA) today announced that Martin Ferron will join the Company as President and Chief Executive Officer and a Director of the Board effective at the close of business on June 7, 2012.
Ron McIntosh, Chairman of NAEP said, "Martin is an exceptional leader with a long track record of driving execution and achieving strong financial and operational performance for companies in the oil services and construction industries."
As Director, President and CEO of Helix Energy Solutions Inc. (Helix), an NYSE listed international energy services company, Mr. Ferron successfully refocused the company on improved project execution, asset utilization and profit performance. He also transformed Helix through a combination of measured organic growth, acquisitions and divestures, achieving a compound annual EBITDA growth rate of approximately 38% during his tenure with the company. Prior to joining Helix, Mr. Ferron worked in successively more senior management positions with oil services and construction companies including McDermott Marine Construction, Oceaneering International and Comex Group. He holds a B.Sc. in Civil Engineering from City University, London, a M.Sc. in Marine Technology from Strathclyde University, Glasgow, and an MBA from Aberdeen University.
Mr. Ferron succeeds Rod Ruston who is retiring from the Company and the Board to return to his native Australia.
Ron McIntosh added, "On behalf of the Board, I thank Rod for his contributions to NAEP and welcome Martin to the Company. We are confident Martin is the right person to strengthen our operating performance and then grow our business as we take NAEP to the next level."
"I am very pleased to be joining the team at NAEP," said Martin Ferron. "NAEP has a great reputation, enthusiastic and dedicated personnel and exposure to dynamic markets and I am excited about the Company's potential."
About the Company
North American Energy Partners Inc. (www.naepi.ca) is one of the largest providers of heavy construction, mining, piling and pipeline services in Western Canada. For more than 50 years, NAEP has provided services to large oil, natural gas and resource companies, with a principal focus on the Canadian Oil Sands. The company maintains one of the largest independently owned equipment fleets in the region.
Non-GAAP Financial Measures
This release contains non-GAAP financial measures. These measures do not have standardized meanings under Canadian GAAP or US GAAP and are therefore unlikely to be comparable to similar measures used by other companies. The non-GAAP financial measure disclosed by the Company in this release is EBITDA of Helix. Please refer to the disclosure documents of Helix which can be found on the SEC website at www.sec.gov for a description of EBITDA.
Forward Looking Statements
The information provided in this release may contain forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words "may", "could", "would", "should", "believe", "expect", "anticipate", "plan", "estimate", "target", 'project", "intend", "continue", "further" or similar expressions. Important factors and risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements include: success of business development efforts, changes in oil and gas prices, availability of a skilled labour force, internal controls, general economic conditions, terms of the Company's debt instruments, exchange rate fluctuations, weather conditions, performance of its customers, access to equipment, changes in laws and the ability to execute transactions. For additional risks and uncertainness related to forward-looking statements, please see our disclosure documents filed with the Securities and Exchange Commission (SEC) and the Canadian Securities Administrators (CSA).Undue reliance should not be placed upon forward-looking statements and NAEP undertakes no obligation, other than those required by applicable law, to update or revise those statements.
For more complete information about us you should read our disclosure documents that we have filed with the SEC and the CSA. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com.
Contacts:
North American Energy Partners Inc.
Kevin Rowand
Director, Strategic Planning & Investor Relations
(780) 969-5528
(780) 969-5599 (FAX)
krowand@nacg.ca
$UPERMAN
13 years ago
North American Energy Partners Announces the Retirement of Peter Dodd and the Appointment of Carl F. Giesler to Board of Directors...
North American Energy Partners Inc. (TSE:NOA)
Today : Tuesday 24 April 2012
North American Energy Partners Inc. ("NAEP" or "the Company") (TSX:NOA) (NYSE:NOA) today announced that Peter Dodd will retire from NAEP's Board of Directors ("the Board") and will be replaced by Carl F. Giesler, Jr. Both Mr. Dodd's retirement and Mr. Giesler's appointment will be effective April 24, 2012.
"On behalf of the Board, I thank Peter Dodd for his service to NAEP," said Chairman of the Board, Ron McIntosh. "Mr. Dodd joined the Board in June 2009 after retiring as NAEP's Chief Financial Officer. The organization has benefited from his wise counsel and strong leadership over the past several years. His contributions to both the Company and the Board are greatly appreciated and we wish him the very best in his retirement."
The vacancy created by Mr. Dodd's retirement will be filled by Carl F. Giesler, Jr. of Harbinger Group Inc. ("HGI"). A CFA charterholder and Harvard Law School graduate, Mr. Giesler is Managing Director of Investments of HGI and previously served as Vice President and Director of Investments of Harbinger Capital Partners LLC ("Harbinger Capital"), an affiliate of HGI. Prior to joining Harbinger Capital in 2008, Mr. Giesler was a Managing Director at AIG Financial Products Corp., where he held a leadership role in pursuing principal investment opportunities in the oil and gas sector. For the previous eight years, he worked as an Investment Banker in Morgan Stanley's Global Energy Group.
"On behalf of all Directors, I would like to welcome Mr. Giesler to our Board," added Mr. McIntosh. "The addition of an individual with diverse experience and a strong background will be an asset."
About the Company
North American Energy Partners Inc. (www.naepi.ca) is one of the largest providers of heavy construction, mining, piling and pipeline services in Western Canada. For more than 50 years, NAEP has provided services to large oil, natural gas and resource companies, with a principal focus on the Canadian Oil Sands. The company maintains one of the largest independently owned equipment fleets in the region.
Contacts:
North American Energy Partners Inc.
Kevin Rowand
Director, Strategic Planning & Investor Relations
(780) 969-5528
(780) 969-5599 (FAX)
krowand@nacg.ca
$UPERMAN
13 years ago
North American Energy Partners Cancels Special Shareholders Meeting
North American Energy Partners Inc. (TSE:NOA)
Today : Thursday 29 March 2012
North American Energy Partners Inc. ("NAEP" or "the Company") (TSX:NOA) (NYSE:NOA) today announced that the special shareholders meeting scheduled for April 5, 2012 has been cancelled. As a result, the NAEP shareholder rights plan, dated October 7, 2011, will terminate in accordance with its terms on April 7, 2012.
Depending on facts and circumstances, NAEP may adopt a new shareholder rights plan for approval by shareholders at the next annual general meeting or thereafter, but no decision has been made in that regard.
About the Company
North American Energy Partners Inc. (www.naepi.ca) is one of the largest providers of heavy construction, mining, piling and pipeline services in Western Canada. For more than 50 years, NAEP has provided services to large oil, natural gas and resource companies, with a principal focus on the Canadian oil sands. The Company maintains one of the largest independently owned equipment fleets in the region.
$UPERMAN
13 years ago
North American Energy Partners Receives Lender Approval for Amendment to Credit Agreement
North American Energy Partners Inc. (TSE:NOA)
Today : Tuesday 27 March 2012
North American Energy Partners Inc. ("NAEP" or "the Company") (TSX:NOA) (NYSE:NOA) today announced that it has received the required approval from its syndicate of lenders to amend the Company's credit agreement.
The amendment extends the maturity date of the credit agreement by six months to October 31, 2013 and provides relief from the agreement's Consolidated EBITDA-related covenants by temporarily amending them. The amendment also extends the term of a temporary increase to the Company's revolving credit facility to June 30, 2012. NAEP secured a $25 million increase in September 2011 to support an anticipated temporary increase in working capital and has since reduced it to $20.8 million.
Earlier today, NAEP announced that it will receive a cash settlement of $34 million and receive net proceeds of approximately $40 million from the sale of certain assets to Canadian Natural Resources Limited related to its long-term overburden and mining services contract with this customer. NAEP intends to use the $74 million of proceeds to reduce the draw on its revolving credit facility and thus eliminate the need for the temporary facility. The $20.8 million temporary facility will be reduced in line with the timing of the receipt of funds from the asset sale and be eliminated when the bulk of the sales are completed, which is expected to be by June 2012. The $5 million Letter of Credit, associated with the overburden contract, will reduce to nil for the remainder of calendar 2012. The net result will be an increase in the Company's liquidity of approximately $58.2 million.
"We are pleased to have worked with our lending partners to reach this mutually satisfactory agreement," said David Blackley, Chief Financial Officer of NAEP. "Our lenders recognize that, despite our recent operating challenges, our markets are robust and we are poised to improve our financial performance and position going forward."
About the Company
North American Energy Partners Inc. (www.naepi.ca) is one of the largest providers of heavy construction, mining, piling and pipeline services in western Canada. For more than 50 years, NAEP has provided services to large oil, natural gas and resource companies, with a principal focus on the Canadian oil sands. The Company maintains one of the largest independently owned equipment fleets in the region.
Non-GAAP Financial Measures
This release contains non-GAAP financial measures. These measures do not have standardized meanings under Canadian GAAP or US GAAP and are therefore unlikely to be comparable to similar measures used by other companies. The non-GAAP financial measure disclosed by the Company in this release is EBITDA (as defined within our credit agreement with our lenders). The Company provides a reconciliation of EBITDA to net income reported in its most recently filed Manaagement's Discussion and Analysis which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com.
Forward Looking Statements
The information provided in this release contains forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words "may", "could", "would", "should", "believe", "expect", "anticipate", "plan", "estimate", "target", 'project", "intend", "continue", "further" or similar expressions. Examples of such forward-looking statements include the anticipated sale of certain contract-related assets to Canadian Natural Resources Limited. Actual results could differ materially from those contemplated by such forward-looking statements as a result of any number of factors and uncertainties, many of which are beyond NAEP's control. Important factors that could cause actual results to differ materially from those in the forward-looking statements include: success of business development efforts, changes in oil and gas prices, availability of a skilled labour force, internal controls, general economic conditions, terms of the Company's debt instruments, exchange rate fluctuations, weather conditions, performance of its customers, access to equipment, changes in laws and the ability to execute transactions, including completing the sale of certain assets to Canadian Natural Resources Limited. Undue reliance should not be placed upon forward-looking statements and NAEP undertakes no obligation, other than those required by applicable law, to update or revise those statements.
For more complete information about NAEP, you should read the Company's disclosure documents filed with the SEC and the CSA. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedar.com.
Contacts:
North American Energy Partners Inc.
David Blackley
CFO
(403) 767-4827
dblackley@nacg.ca
56Chevy
13 years ago
Harbinger Group Inc. (NYSE: HRG) (the "Company") announced that it acquired in open market purchases on the New York Stock Exchange on August 31, 2011, an aggregate of 62,000 common shares ("Shares") of North American Energy Partners Inc. (the "Issuer") at a price of $6.18 per Share. These 62,000 Shares represented approximately 0.17% of the outstanding Shares. Together with the Shares previously acquired by the Company, the Company holds an aggregate of 5,197,720 Shares, representing approximately 14.34% of the outstanding Shares. All Shares owned by the Company are held in the name of HGI Funding, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of the Company.
*Harbinger is a hedge fund and buyer of distressed companies.