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Pacific Drilling S.A. Message Board

  • jackmaster20 jackmaster20 Sep 26, 2013 11:20 AM Flag

    PACD resiliant price action

    Recently Syrian military action and dovish rhetoric from Iran has begun to remove, slightly, the risk
    premium on Brent crude. This could continue over the next several quarters if Iran & the US initiate talks.

    This type of news has bearish impact on crude and off-shore drillers, IMO.

    However, despite this series of near term events, contrary to the majority of off-shore drillers, PACD
    stock price has improved quite nicely.

    I feel this is attributable to PACD's 7th generation-only assets and its relationship with a top ship fabricator
    in Korea. Its high operating efficiency data and low opex sets PACD apart from the off-shore drilling field,
    even during a relatively bearish period for crude pricing.

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    • Astute observation-------lucky for us to be holding shares in an outfit that has only the latest and greatest drillships in its inventory! When does this latest ship (5th) start on its 1st contract?

      Am new to PACD, so haven't followed everything closely.........but will be making its biz a daily part of my routine DD.

1.36+0.09(+7.09%)Nov 24 4:01 PMEST