Recent

% | $
Quotes you view appear here for quick access.

Pacific Drilling S.A. Message Board

  • jackmaster20 jackmaster20 Sep 6, 2013 8:06 PM Flag

    P Khansim delivered......

    Samsung released to PACD its 5th drill-ship this week. Its is 9 weeks late, coming out of Korea.

    It is planned to start a 2 year lease contract off Nigeria, once transport and shack-down is complete.

    Will PACD realize any revenues from P Khansim in calendar 2013 ? I hope so. Any other opinions
    on the timetable on "shipyard to drill site" duration estimates would be appreciated.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Just my take....9 weeks late on a project that big and complex isn't bad. I'm sure there are delivery incentives and penalties in the contracts. With day rates through the roof, obviously, everyone wants the rigs on site and producing. But reasonable delays are certainly built into the planning and contracts. With adequate financing in place and good cash flow to cover the debt, I think you can be comfortable that management is delivering. This company seems to be a "no-brainer". The right business, at the right time with the right management. Sounds good to me. Buy it!

      Sentiment: Strong Buy

 
PACD
4.34+0.03(+0.70%)Apr 27 4:01 PMEDT