Hindsight Market

The Graveyard › 1991

Ocean Drilling & Exploration

ODR · Oil & Gas · NYSE · in our data December 14, 1972 to July 3, 1991 (18.5 years)

Our price history begins on December 14, 1972, and Ocean Drilling & Exploration was already trading then; how long before that, our data does not say. At its peak, on November 20, 1980, the market valued it at $2.7 billion. By the end it had fallen hard: the last trade was $19.12, -54.2% from its split-adjusted high. Our data does not say why it stopped trading.

1972-121991-07
Peak market value$2.7 billionNovember 20, 1980
Highest split-adjusted share price$41.74November 20, 1980
Last share price$19.12July 3, 1991
From its split-adjusted high to the end-54.2%
Return over the days in our data+58.7%with dividends, before the last trade
Worst single day-19.9%October 19, 1987

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 1972.

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Also gone in 1991: Oil & Gas