Seeking Alpha

Pacific Drilling S.A. EPS in-line, misses on revenues

  • Pacific Drilling S.A. (PACD): Q1 EPS of $0.10 in-line.
  • Revenue of $225.6M (+29% Y/Y) misses by $8.84M.
  • Press Release
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Comments (6)
  • jackmaster20
    , contributor
    Comments (795) | Send Message
     
    PACD sells off at the open tomorrow......if overall market is weak
    and PACD opens 3.6 % lower, I will buy more.

     

    Big news of 2014 stock price will be
    1) maiden contract for P Meltem
    2) Confirmation on May 12th of the 2015 dividend payout amount

     

    Neither of above in Q1 2014 results so if PACD is down, then I will
    add to existing position.
    5 May 2014, 10:25 PM Reply Like
  • NewFrontier
    , contributor
    Comments (18) | Send Message
     
    What is the story with the Dividend? Is this just your speculation or have they announced that they will pay a dividend?
    6 May 2014, 12:27 AM Reply Like
  • Power Hedge
    , contributor
    Comments (1051) | Send Message
     
    They announced that they are proposing to pay a $152 million dividend to shareholders beginning with the first quarter of 2015.
    6 May 2014, 10:16 AM Reply Like
  • jackmaster20
    , contributor
    Comments (795) | Send Message
     
    New .......

     

    Please read my post.....!

     

    The PACD Board of Directors will decide & announce its decision regarding
    approving mgmt's recommended $ 152,000,000 for dividend payout in
    2015. This event will occur on Monday, May 12th 2014..........

     

    This is my speculation based upon my reading PACD press releases...!

     

    I would invite you to read also.
    6 May 2014, 11:35 AM Reply Like
  • NewFrontier
    , contributor
    Comments (18) | Send Message
     
    May 12th: (Dividend proposal)

     

    7. Approval of the payment of cash distributions to shareholders of up to $152 million in the aggregate to be paid in 2015, the timing, amount and form of such distributions to be subject to the discretion of the Board of Directors;
    6 May 2014, 12:34 AM Reply Like
  • jackmaster20
    , contributor
    Comments (795) | Send Message
     
    Beckett just explained the unusually weak revenue efficiency ratio of 82.7 %
    which was posted for Q1 2014.

     

    He said the P Khamsin new BOP had to be pulled 3 times during the quarter.
    He continued by saying that the problem was in the control systems area and
    NOV was very helpful in providing the solution.

     

    P Khamsin posted a 100 % rev efficiency metric for April 2014, so Beckett is
    thinking the BOP problem has been solved. He also stated this same BOP and
    its control systems are on board the Zonda, Shavav, Meltem as well.

     

    JM20
    6 May 2014, 11:41 AM Reply Like
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