Solid Q. 42 cents, or 51 cents if you back out the 9 cent charge they took for stacking the intrepid. Estimates were around 42 or 43 cents. Pretty Positive outlook, and they keep buying more ROVs. The new ship to be avaialable in 2013 is a nice surpirse. Here is the informaiton on it from tomorrow's the presentation.
Agreed to acquire the Transocean drillship, Discoverer 534 − Drillship to undergo conversion into a well intervention vessel in Singapore − Estimated $180 million for vessel, conversion and intervention riser system (all expected to be incurred in 2012) − Expect to initially deploy vessel to Gulf of Mexico in the first half of 2013
Thanks for the summary Giant. My cursory read was that it was a good quarter, another one that they have been stringing together. The news wire headline that they missed by a cent was cheap and off imv. I expect the shares to trade up tomorrow morning off of the conference call. Management is positive and their body language will help add appropriate color .. I expect guidance to be positive.