Hindsight Market

The Graveyard › 2003

Ocean Energy Inc

OEI · Utilities · NYSE · in our data February 2, 1981 to April 25, 2003 (22.2 years)

The first trading day in our data for Ocean Energy Inc is February 2, 1981 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on May 13, 2002, the market valued it at $3.9 billion. It left the market when it was bought or merged, last trading at $19.65, -38.6% from its split-adjusted high. Holders got whatever the deal paid, which is not in our price data.

1981-022003-04
Peak market value$3.9 billionMay 13, 2002
Highest split-adjusted share price$32.02August 24, 1993
Last share price$19.65April 25, 2003
From its split-adjusted high to the end-38.6%
Return over the days in our data+96.4%with dividends, before the last trade
Worst single day-13.7%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 1981.

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Also gone in 2003: Utilities