Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Vantage Drilling: Buy A Promising Future At A Discount

Company Overview

Founded in 2007, Vantage Drilling (NYSEMKT:VTG) is an international offshore drilling contractor which operates and manages a fleet of modern, high specification drilling rigs. As of March 2014, Vantage Drilling has a fleet of four jack-ups and three drillships with another drillship under construction.

For 2013, Vantage Drilling achieved a record revenue, EBITDA and income from operations. The company has already achieved phenomenal growth over the last five years as evident from the growth trajectory chart. The company's jack-up fleet has achieved approximately 99% productive time over the first 60 months of operation with each jack-up construction project completed on-time and on budget. I believe this is important to mention for a relatively new company as...

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