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

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.
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Comments (2)
  • meinersj
    , contributor
    Comments (24) | Send Message
     
    I knew this stock was gonna take off after it dropped below $8.
    22 Jun 2012, 09:52 AM Reply Like
  • Jan H. Lessner
    , contributor
    Comments (819) | Send Message
     
    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
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