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Ocean Rig UDW Inc. Message Board

  • bdinvest1 bdinvest1 Sep 26, 2013 1:33 PM Flag

    ORIG set to fininsh strong 3rd qrt

    Drillling days will be approximately 70 more days then Q2 with .11 per share increase to EPS. Mid .20 should be EPS, beating the 19 cent street forecast. Mylos teether up in Brazil and 30 days away drilling revenues of $595,262 per day. 60 Days away for delivery of Skyros adding another $575,000 per day in Q1 2015, $6 Billion in contracts, Its peers with older ships are valued at 200,000,000 more per ship. ....Matter of time before ORIG jumps to reasonable valuations, mid 20's at a minimum.

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    • I've accumulated this from the low to the high. Have a nice chunk. I think we're close to b./o

      • 1 Reply to kem60
      • Sound like you are in a good position. Suprisingly ORIG hasn't moved more than 12% in a year, given how ORIG has beat anaylst earnings forecast solidly last three qrts straght. Adding a combined 1.6 billion in assets in Q3 & Q4 2013, having 6 billion in contracts, ship capacity won't be challenged for 5 years. Should see the new ORIG ships adding to the bottom line significantly. I believe we see north of $25 share in 3-4 months, if ORIG beats 3Q earnings and it doesnt hit any snags with new ships or other contracts

2.25-0.04(-1.75%)Jul 22 4:00 PMEDT