Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Pacific Drilling (PACD +3.1%) says its ultra-deepwater drillship Pacific Sharav has been awarded...

  • Friday, June 22, 2012, 9:37 AM ET
    Pacific Drilling (PACD +3.1%) says its ultra-deepwater drillship Pacific Sharav has been awarded a five-year contract by Chevron (CVX) for operations in the Gulf of Mexico. Estimated maximum contract revenue is $1.07B, bringing PACD's total contract backlog to ~$3.2B.
Track new comments on this story

This news story has 2 comments:

  •  
    I knew this stock was gonna take off after it dropped below $8.
    22 Jun 2012, 09:52 AM Reply Like
  •  
    PACD is still undervalued to all peers except maybe VTG. There is much upside and the current Q2 Shows that even a temporary lower revenue efficiciency due to those BOP-upgrades doesn't cause losses. With the ramp up of further units and a higher revenue efficiency profitability will improve impressivly.
    16 Aug 2012, 07:32 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Energy & Materials Articles
More Latest Articles »