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Parker Drilling Co. Message Board

  • soulec soulec Aug 1, 2013 10:31 AM Flag

    Ben....

    although old news today, plenty of good news in report and outlook as GOM DR climb, Alaskan North Slope rigs starting to produce revenue. Quail tools margins are high as integration of ITS is going smoothly. I want bore you since I know you are capable of your own DD and understand the industry.

    Its something to put on your radar LT...IMO. My speculation awhile back from a BP press release, BP expected to add 5 more rigs in the next 5 years in Alaska, my assumption is Parker will benefit from their relationship with BP and their reputation for building rigs for the harshest environments. Possibly 2 rigs.

    The high margin tool rental business is about to expand worldwide, lots to like at less than 2X BV today.

    Cheers!

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