Bristow mixed on Monday’s after-hours news; Pyxus gains on third-quarter results

By James McCandless

San Antonio, Feb. 12 – More earnings releases across the distressed space continue to dominate activity.

Bristow Group Inc.’s notes were mixed after the company announced an earnings loss late Monday and the termination of its acquisition of Columbia Helicopters.

Elsewhere in the sector, PHI, Inc.’s issues were volatile, eventually settling back to Monday’s levels.

Improving oil futures spurred similar movements in California Resources Corp.’s, Sanchez Energy Corp.’s, and Ensco plc’s paper

Meanwhile, tobacco name Pyxus International Inc.’s notes were higher despite reporting a loss for the third quarter.

Retailer Neiman Marcus Group Inc.’s issues were higher amid news that the company is trying to jump-start restructuring talks.

L Brands, Inc.’s paper gained in response to the release of its January sales figures.

Electric utility PG&E Corp.’s notes continued to rise.

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