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Rowan Companies plc Message Board

  • gringo33339 gringo33339 Feb 11, 2014 8:05 PM Flag

    Check out presentations link on Rowan's website - new material

    Very bullish, especially their comments that the high number of premium jack ups rolling over this year are expected to contract at higher day rates.

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    • Yea it all looks good - the bifucation charts say a lot - the drilling business is 2-tier - business appears to be really good if you have new/high-spec rigs, but bad if you have old rigs.
      I see from the S&P reports on TDA RDC apparently only have 62 investors - surprising - they need to fall into some value screens, get a few more investors and I can't see how the price doesn't double in ~ 18 mts. The contracts for the 3 drillships are great - for 3 yrs to ride them through any downturn in the general drilling business.

 
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