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This could be the most overlooked driller in the business. This company has very, very good management in place. The company is adding rigs as we speak, has the newest rigs/fleet and has forward looking contracts. The need for offshore drilling will increase greatly in the coming years. This company will not be overlooked for long, buy now and hold for the long haul. Check out their web site and review the company for yourself. I'm sure you will be as impressed as I am.
Hi I have a small position but things can be misleading. My understanding is that they have about a 40% interest in one drillship and they are being paid to manage the other 2. I think they are a bit leveraged. If you can overlook some things I think this could work out.