Hindsight Market

The Graveyard › 1999

Ocean Energy Inc-old

OEI.Z · Oil & Gas · NYSE · in our data December 1, 1994 to March 30, 1999 (4.3 years)

The first trading day in our data for Ocean Energy Inc-old is December 1, 1994 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on June 5, 1998, the market valued it at $2.1 billion. It ended in a collapse: the last trade was $7.00, -76.4% from its split-adjusted high. The delisting record says: likely failure.

1994-121999-03
Peak market value$2.1 billionJune 5, 1998
Highest split-adjusted share price$29.67October 1, 1997
Last share price$7.00March 30, 1999
From its split-adjusted high to the end-76.4%
Return over the days in our data+63.8%with dividends, before the last trade
Worst single day-18.4%August 31, 1998

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 1994.

Could you have seen it coming? Play Dot-com

Also gone in 1999: Oil & Gas