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Vantage Drilling Company Message Board

  • chkotime chkotime Dec 8, 2012 6:46 PM Flag

    "ZD" what do you expect on Monday ???

    Do you see the stock reaching $1.95 (52 week high) on Monday ? Short interest could be 13 million shares...

    Sentiment: Strong Buy

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    • For one i hope they do another press release since it was end of day friday.

      For all the dissapointments and short comings in this process i will say this: There is no reason to be short this stock at 1.75. What are you playing for with contracts locked in, financing set with Tungsten and bk off the table? We can debate upside etc...but i am very confident unless you are predicting a massive global recession you should not be short here. And if you were predicting a global recession, you could always make a better play using an inverse levered etf. Revenue and cash flow visibility are improving and Tungsten will get us close to $550mm in ebitda for 2014. The set up is for 2014 where this company could add 50-55 cents in eps/equity a year going forward. Bragg will open up the playbook for sure. Financing is not an issue until 2019/2020 assuming they refi q3 2013. The worse is behind us now.

      12.5mm shares short is a bit high for vtg. I see a slow squeeze down to about 8mm shares over the next month and we will test 2.00-2.05 area if Tungsten is in line with market.

      Just dont see the investment rationale for shorts here now.

      • 2 Replies to zd60610
      • Seems like your attitude has changed a little bit. Even though Bragg has not done the best of jobs, I think given the situation they were in when they started, being married to Su, but still wanting to be a recognized name in the sector I think he has done what he has needed to do and we will reap the rewards in time. One catalyst I like is the lawsuit against Su. Getting those shares back in our hands will be nice and not being a slave to him will be a plus.When it comes time to refinance the 2nd half book should have rose pretty substantially and with the new rates, a stronger balance sheet we will look more attractive for future lower rates on acquiring and expanding. Also being more attractive for JVs such as our deal with Sigma, and I would love to see more of those in the future. For 2013 I could see us reaching 3, with sustainable growth leading into 2014.

        Sentiment: Strong Buy

      • When platnum commenced shorts covered and stock popped to 2.25. Albeit, operations were on time.

 
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