I bought OCEAN ENERGY INC. stock in Jan.1971,500 common stock.
They merged with Seagull in 1998,Houston,Tx.
Mr.J.Patrick Droppleman,President&CEO, tells me that when they merged,
they sold them only one part,but Seagull insisted on taking the name
Ocean Energy so he took the first letters of both words and named the company
OCENCO Incorporated. They were offering $40.00 a share.Now offering$240.00
a share.I don't understand how you can just give a name away when there are
common stock out there.
They were indicted for something? I am 77 years old and not very smart about
these things. I can sure use the money but I feel something is not right.
I own no other stock,bonds ormoney orders or anything.I do not know anyone
to ask questions of.Is there some way I can get this researched without a
I have the original shares.I don't no how many times I almost got discusted
and threw them away.
I will appreciate anything you can tell me.