Ultra-deepwater drilling specialist Pacific Drilling (NYSE:PACD) is one of the fastest growing offshore drilling contractors in the world. According to Thomson Reuters, Pacific Drilling will increase its EBITDA at a compound annual rate of 52% between now and 2015. This will result in the firm having an EBITDA of more than 200% its level at the start of this year by the year 2015. This gives the company a growth rate that exceeds that of its peers.
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A look at the company's fleet shows us how the company will achieve this growth. Pacific Drilling currently has eight ultra-deepwater rigs in its fleet. Of these eight rigs, three are still under construction. Two of these three...
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