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Vantage Drilling Company Message Board

  • ronbiker1 ronbiker1 May 12, 2013 7:41 AM Flag

    Will someone (a good driller) buy this pig at

    $2.00. Put Mr. Big back in the mail room, and tern this company around.

    Sentiment: Hold

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    • I know as soon as we get earnings gowth next year we are nearing the end of the market cycle and will prob be stuck at 2. Amazing how many passive investors there are here happy to refi and put ships in the water etc....the problem is when the cost of doing so exceeds the intermediate term reward you kill the stock. Same thing happened with SD. Great we have all these assets to pay mgt their salaries but we blew out the company to do so. If we didnt do the dragonquest deal we wouldbe 3.00 looking at 4. Worse deal in the history of drilling. If were not drilling above 90% the day rate less then sub par plus we overpaid by 300mm and struggled operationally. Bragg would admit that off the record. Now we have to litigate against SU who is an alledged criminal. And bragg was the guy who partnered with him to start vtg. What does that say about Braggs judge of character and values as a business man. Pathetic.

 
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