Ocean Rig UDW Inc
Seadrill: Why No ‘Buy’ Recommendations?
Majority recommends “sell” Currently, 28 analysts give recommendations on Seadrill (SDRL). Of these, none have given a “buy” recommendation on the stock. Six analysts have given a “hold” recommendation, and 22 have a “sell” recommendation. The consensus target price is $1.78, which implies a downside of 17%. Like Seadrill, Ocean Rig (ORIG) does not have […]
Must-know: Ocean Rig stock could double over the next year
I believe this stock could double over the next year from $20 to $40 as it’s rerated due to the lucrative MLP structure.
The Only 2 Offshore Drillers That Still Pay Dividends
Slumping oil prices have put offshore drillers (IYE) under financial pressure. The first victim of this pressure has been dividends.
Noble’s Revenue Is Expected to Fall 68% in 2Q17
The estimated decline in Noble’s revenue is mostly due to poor industry conditions and the company’s comparatively weak backlog.
Behind Seadrill’s Cost-Cutting Measures
From 4Q16 and 1Q17, Seadrill’s (SDRL) vessel operating expenses fell $23 million to $211 million—a 10% fall.
What Are Analysts’ Expectations of Seadrill’s 1Q17 Results?
Wall Street analysts expect Seadrill’s (SDRL) 1Q17 EBITDA to be $272 million, down from $528 million in 1Q16 and $354 million in 4Q16. Seadrill’s EBITDA estimate for fiscal 2017 is $937 million.
Why Is Transocean’s Revenue Expected to Fall?
Wall Street analysts estimate revenue of just over $870 million in 3Q16 for Transocean (RIG). It would be a steep fall from revenue of $943 million in 2Q16.
Noble Reduces Its Capital Expenditure Forecast
In 2Q16, Noble Corporation (NE) had a cash flow from operations of $862 million, compared to $175 million in 1Q16 and $767 million in 2Q15.
How Offshore and Onshore Drilling Perform when Oil Prices Tumble
Unconventional sources of onshore drilling have started gaining popularity in recent years, but the crude from these sources are costly to produce.
Ocean Rig Plans Capex of $329 Million for 2016
Ocean Rig has a planned capex of $329 million for 2016, and going forward in 2017 this will increase to $468 million.
What’s the Fleet Profile for Dry Bulk Companies at End of 2Q15?
In this article, we’ll take a look at the fleet profiles for the major dry bulk companies. Depending on volume, trade routes, and the geographical limitations of ports, various classes of vessels are employed.
Why Is the Fleet Profile for Dry Bulk Companies Changing?
In this article, we’ll look at the fleet profiles for the major dry bulk companies. Various classes of vessels are employed depending on volume, trade routes, and geographical limitations of ports.