+ Watch PACD
on My Watchlist
Positive: - Close to tangible book and recent positve earnings trends - They seem to be able to capitalize on their younger, and more advanced drill ship fleet Negative: - Very much depending on oil price which might further come down in a slowing world economy Category: R13BRp
Mhmm - this looks like a strong pick.
PACD coming into the bigtimes, Revenues to increase 10 fold in 2012.http://finance.yahoo.com/news/Pacific-Drilling-Announces-bw-3732180765.html?x=0
could become the industry’s preferred ultra-deepwater drilling contractor. Pacific Drilling’s has a fleet of six ultra-deepwater drillships will represent one of the youngest and most technologically advanced fleets in the world. The company currently operates three recently delivered drillships, expects delivery of its fourth drillship by end of 2011, and has two additional drillships on order at Samsung to be delivered in 2013.
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