Power Hedge
Macro, energy, alternative energy, contrarian

Vantage Drilling: A Young And Growing Offshore Drilling Outfit, But Debt Increases Risk

On June 26, 2013, Vantage Drilling (NYSEMKT:VTG) gave a brief presentation at the GHS 100 Energy Conference in Chicago, IL. In this presentation, the company primarily discussed its own growth prospects and history but it did touch on some favorable trends in both the shallow-water and deepwater markets that are likely to benefit both it and its peers.

Vantage Drilling is a relative newcomer in the offshore drilling industry. The company was founded in 2007 but since that time has managed to acquire an impressive fleet of drilling rigs. This fleet consists of:

  • 4 Premium Jack-Up Rigs
  • 3 Ultra-Deepwater Drillships
  • 1 Additional Ultra-Deepwater Drillship that is 42% owned by the company.

In addition to these rigs that the...

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