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Nicholas Anderson
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Nick is a former marine, current finance student and independent trader, who is 100% self taught. Nick has particular interest in the offshore drilling industry and prefers to trade in the offshore drilling industry. Nick blends conventional methods of analysis with unconventional methods of his... More
  • Transocean Downtime Deductions 0 comments
    Feb 1, 2014 6:04 PM | about stocks: RIG

    I Decided this info would clutter my article so I posted the info here with a link to it.

    1Q14 Downtime Deductions

    10,278,000

    Discover Clearleader Down 18 Days

    10,710,000

    Dhirubhai Deepwater KG2 Down 21 Days

    7,476,0000

    Deepwater Frontier Down 14 Days

    31,148,000

    Deepwater Millennium Down 52 Days

    9,648,000

    GSF Development 2 Down 16 Days

    35,036,000

    Sedco 702 Down 76 Days

    13,185,000

    Transocean Legend Down 45 Days

    2,800,000

    Sedco 711 Down 8 Days

    29,120,000

    Transocean John Shaw Down 80 Days

    12,369,000

    Sedco 714 Down 31 Days

    30,600,000

    GSF Grand Banks Down 75 Days

    10,885,000

    Sedneth 701 Down 35 Days

    1,050,000

    GSF Constellation I Down 7 Days

    4,641,000

    GSF Galaxy I Down 21 Days

    1,930,000

    GSF Galaxy II Down 10 Days

    Total= 210,876,000

     

    4Q13 Downtime Deductions

    4,170,000

    Dayrate Increased From 456,000 to 595,000 30 days later than expected

    14,291,000

    Deep-water Discovery Down 31 days

    18,000,000

    Cajun Express Down 30 days

    50,065,000

    GSF Development Driller Down 85 Days

    34,114,000

    Sedco 702 Down 74 Days

    3,675,000

    Jack Bates Down 7 days

    32,200,000

    Sedco 711 Down 92 Days

    6,840,000

    Sedco 712 Down 18 Days

    2,448,000

    GSF Grand Banks Down 6 Days

    24,765,000

    Sedco 704 Down 65 Days

    20,332,000

    GSF Galaxy 1 Down 92 Days

    2,296,000

    GSF Monarch Down 14 Days

    Total=213,196,000

     

    Disclosure: I am long RIG.

    Additional disclosure: Im long rig puts

    Stocks: RIG
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