Power Hedge
Macro, energy, alternative energy, contrarian

Vantage Drilling's Modern Fleet Is A Competitive Advantage

Vantage Drilling (NYSEMKT:VTG) is an international drilling company based in Houston, TX that owns and operates one of the most modern fleets of ultra-deepwater and high-specification jack-ups in the world. This fleet consists of four high-specification jack-up rigs and three ultra-deepwater drillships. The company also manages (but does not own) an additional four jack-up rigs and one ultra-deepwater drillship. This chart details the company's owned fleet and current contract status:

(click to enlarge)

Source: Vantage Drilling

As the chart shows, Vantage Drilling has secured contracts for all of its rigs except for Sapphire Driller that extend out until 2015. This provides a measure of stability for the company as this is essentially guaranteed revenue. Barring some rather unusual...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details