Hindsight Market

The Graveyard › 2001

Marine Drilling Co Inc

MRL · Oil & Gas · NYSE · in our data July 28, 1989 to September 10, 2001 (12.1 years)

The first trading day in our data for Marine Drilling Co Inc is July 28, 1989 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on March 9, 2001, the market valued it at $1.9 billion. It ended in a collapse: the last trade was $13.20, -94.6% from its split-adjusted high. The delisting record says: merged or acquired.

1989-072001-09
Peak market value$1.9 billionMarch 9, 2001
Highest split-adjusted share price$243.75January 3, 1990
Last share price$13.20September 10, 2001
From its split-adjusted high to the end-94.6%
Return over the days in our data-93.9%with dividends, before the last trade
Worst single day-83.3%November 15, 1991

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1989.

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Also gone in 2001: Oil & Gas