Seeking Alpha
  • Derrick Lilly
    $PACD to initiate dividends in 1Q15 http://bit.ly/1gAWVNj
    2/25/14
    Reply (5)
    • earthtodan: Thanks for the link. Not the cheapest driller by p/e but still may be a great opportunity right now.
      2/25/14
    • earthtodan: Sterling fleet, plus it's nice to see Chevron as their customer, having committed to lots of future capex for exploration.
      2/25/14
    • Derrick Lilly: Future valuation is below peers, impressive fleet, no decline in demand or day rates. Good mgmt. Looks good long term.
      2/25/14
    • earthtodan: If they pay a full 152m in 2015 that would be a 6.7% yield on today's market cap, if I'm not mistaken. I'll be listening to the CC tomorrow.
      2/26/14
    • earthtodan: Odfjell Drilling $ODJAF looks similar, might start returning cash in a couple years, although the stock is illiquid in the US. Reports 2/28.
      2/26/14
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