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Allis Chalmers Energy stock - Seaway?
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AC7060IL View Drop Down
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Joined: 19 Aug 2012
Location: central IL
Points: 3499 		Post Options Post Options   Thanks (0) Thanks(0)   Quote AC7060IL Quote  Post ReplyReply Direct Link To This Post Topic: Allis Chalmers Energy stock - Seaway?
    Posted: 23 Dec 2020 at 3:16pm
I looked for the old Allis Chalmers Energy stock symbol (ALY), but can't find it. I see on past internet notes that Seaway energy purchased/merged/took over Allis back in 2011.  So does anyone know which current stock symbol is correct? Thanks
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DougG View Drop Down
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Points: 8276 		Post Options Post Options   Thanks (0) Thanks(0)   Quote DougG Quote  Post ReplyReply Direct Link To This Post Posted: 23 Dec 2020 at 5:29pm
Its Seawell- maybe Archer, but last time I checked it wasnt a publicly traded stock - its headquartered in Switzerland or somewhere over there
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Stan R View Drop Down
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Points: 987 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Stan R Quote  Post ReplyReply Direct Link To This Post Posted: 23 Dec 2020 at 6:10pm
"These shares were disposed of pursuant to an Agreement and Plan of Merger among the Issuer, Seawell Limited and Wellco Sub Company, a wholly-owned subsidiary of Seawell Limited, dated August 12, 2010, as amended. The Reporting Person received 1.15 shares of Seawell Limited common stock for each share of Allis-Chalmers common stock owned."


https://sec.report/Ticker/ALY

https://www.businesswire.com/news/home/20100812006682/en/Seawell-to-Acquire-Allis-Chalmers-Energy-in-USD-890-Million-Transaction

SEAW ????? Says "NOTC: SEAW" and I think that means Norwegian Over the counter for trading

Edited by Stan R - 23 Dec 2020 at 6:22pm
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TOM (NE) View Drop Down
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Joined: 11 Sep 2014
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Points: 94 		Post Options Post Options   Thanks (0) Thanks(0)   Quote TOM (NE) Quote  Post ReplyReply Direct Link To This Post Posted: 23 Dec 2020 at 6:19pm
The merged companies of Seawell / Allis Chalmers Energy became ARCHER in 2011. 
It is publicly traded on the Olso Sock Exchange under the ticker ARCHER. 

Tom 
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DougG View Drop Down
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Points: 8276 		Post Options Post Options   Thanks (0) Thanks(0)   Quote DougG Quote  Post ReplyReply Direct Link To This Post Posted: 23 Dec 2020 at 6:21pm
Somewhere theres a write up of how Allis Chalmers Energy CEO Mikky W, - [ all foreign names] had overseas financial help to use Allis,s tax advantage to buy up small companies, merge them run them , then set it up for Seawell to buy it up and have it all for no compitionon  
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