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...

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