North Atlantic Drilling Limited (OTCPK:NATDF), operator of eight offshore drilling rigs, trades at a substantial 45% discount to its offshore drilling peers at only 7x earnings, and sports a hefty 9% dividend yield. Given that the Norwegian company listed only 24% of its shares via a private placement in February 2011, this minority-owned stake has traded in limited fashion on the pink sheets in the US. With a grand total of one sell-side analyst covering NATDF on the Street today, awareness has been virtually nil and, with a recent price at $2.00 per share, the stock has been ignored by many who might view this as a micro-cap penny stock.
However, the TEV of this company is a...
Only subscribers can access this article, which is part of the PRO research library covering 3,573 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: