Vantage Drilling - Fleet Analysis And Recent Q1 Results Comments
- Vantage Drilling is a mid-tier offshore driller based in the USA. The company owns four jack-ups and four UDW drillships, including one still under construction.
- The company delivered decent first-quarter earnings. However, there is a concern about the long-term debt load now at $2.9 billion. The Cobalt Explorer when contracted will change the growth outlook.
- A succinct comparison with other mid-tier offshore drillers as Pacific Drilling or Ocean Rig UDW is showing few weaknesses and a lack of dividend, despite an enticing low stock price.