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PACD AND DIAMOND OFFSHORE! LOAD THE BOAT!
true, the whole industry is suffering by design, but it won't last. "they" will turn the tap back on when ready with a new surprise twist as usual...blindside the average bear - market that is. I should add one more important word being exploration - "new needs for oil and gas exploration" that may include other things... who know$ I am just going by my in-tuition. Feeling Lucky $$$
sounds good to me cause we have been DOA for months now..
The "powers that be" are about to hype the petroleum industry big time. New needs for oil & gas that no one is thinking about right now - get in now or watch from the side lines! $PACD
If you invested about $150,000.00 USD 3 years ago you would today have one share valued at about 2 cents.. Watch out.. Don't forget this... 03/27/20
Artificial Intelligence Technology Solutions Inc Stock Split - 1:10000
P.S. Please let me know if I am in error.
#PENNYSTOCKS ALL UNDER VALUED WILL GO UP 500% TO 1,000 % PERCENT GAINS #Stockpicks FOR THIS WEEK OF JULY 16TH 2020 #Pennystocks #STOCKMARKET THESE ARE THE HOTTEST ONES ?? ?? BELOW: THAT WILL SKYROCKET!! BUY BUY BUY ALL WILL SURELY SUPASS $1.00 BUY LOW SELL HIGH HERES MY LIST TO BUY: #BYOC #PACD #OZSC #AITX #GRCV #TMGI
Diamond will merge into PACD , PACD is not bankrupt.
Yes sir ree bob...lol.
I thought PACD might be a takeover candidate. Perfect situation.
* * $PACD Video Chart 06-16-2020 * *
Link to Video - click here to watch the technical chart video
* * $PACD Video Chart 06-12-2020 * *
Link to Video - click here to watch the technical chart video
the huge amount sold by an investor in the form 4 today....
What is out of the way?
no wonder the last 2 days have sucked. Glad that is out of the way now.... this is the time to buy, wish I waited a bit....
Let's see the $1.20 plus tomorrow.
Will be pretty active pre market. IMO.
* * $PACD Video Chart 06-10-2020 * *
Link to Video - click here to watch the technical chart video
Merger talk in these times with these Drillers... should be interesting. Avg Down and Holding ATM.
Should be the build. But there was a draw of 3 mil gasoline. What I'm curious of is why oil went green at the end of day.
I know today hurt if you added yesterday as you said. Do you have any reason for the selloff? Thinking about buying myself!
* * $PACD Video Chart 05-28-2020 * *
Link to Video - click here to watch the technical chart video
They are not compliant as of April 10th. Could a R/S be in future?
* * $PACD Video Chart 04-09-2020 * *
Link to Video - click here to watch the technical chart video
* * $PACD Video Chart 01-06-2020 * *
Link to Video - click here to watch the technical chart video
News: $PACD Pacific Drilling Launches Redesigned Website
Pacific Drilling S.A. (NYSE: PACD) announced today that it has launched a newly redesigned corporate website at www.pacificdrilling.com . The revamped site includes improvements to navigation, streamlined menus, a responsive layout for all platforms and easier to access information and r...
Find out more PACD - Pacific Drilling Launches Redesigned Website
Pacific Drilling - Q2 2017 Results... Here Comes The Time To Worry About The Shareholders' Fate
https://seekingalpha.com/article/4095745-pacific-drilling-q2-2017-results-comes-time-worry-shareholders-fate
$PACD Pacific Drilling to consider Chapter 11 as debt grows to $3B
Pacific Drilling (NYSE:PACD) said in its Q2 earnings report today that it is considering filing for Chapter 11 bankruptcy protection, as total outstanding debt swells to $3B and the company is on the edge of defaulting on loan agreements at the end of September.
PACD launched a private consent solicitation on July 5 in a bid to extend the maturity date of its 2017 senior secured notes from Dec. 1 to June, 1, 2018, but the company failed to receive sufficient consent, and the solicitation expired on Aug. 2.
In Q2, PACD chalked up a $138M loss vs. an $8M profit in the year-ago quarter, and revenues plunged 67% to $67M from $203M.
Longtime CEO Chris Beckett resigned earlier this week, succeeded by CFO Paul Reese.
Wow, why is this dropping so hard?
Hello 40th, Like to open a position at PACD, What's your take on the risk of restructuring/Debt etc!! TIA
Well I certainly didn't see oil gapping down 4% today. It's dragged all the oil services and drillers down but -12% for PACD, I'm grabbing more and am still bullish on the price of Oil & PACD
Well I certainly didn't see oil gapping down 4% today. It's dragged all the oil services and drillers down but -12% for PACD, I'm grabbing more and am still bullish on the price of Oil & PACD
BIG MOVE on a low volume day... expecting tomorrow to be even bigger. Looking for Friday 9th close in the $4's after an early morning sell-off.
"Buy Mortimer, Buy" - my bold prediction, we see $4.50/ $5 before we see $3.00 again. Yes the industry is under pressure but it's not disappearing. Consolidation, mergers and takeovers are in the cards and PACD will be a benificary of the chaos... Quality company with top notch equipment - buy, you'll be happy you did!
Good morning board. jUST POPING IN TO SEE WHAT'S GOING ON. I've had an eye on this for a while. Don't know much about the company but the R/S didn't help things. Earnings don't look that bad so why all the doom and cloom
Rumours AGAIN : is Seadrill in of Buying Pacific Drilling ?
The first reason to be bullish on Pacific Drilling is the company’s fleet. Pacific Drilling has 100% of its fleet as high specification ultra deep-water fleet as compared to 84% for Ocean Rig. A modern fleet means that the company has an edge over peers when the offshore drilling market recovers. Currently, decline in oil prices is a major concern for the offshore drillers. However, I believe that oil prices will bounce back soon as global geo-political tensions are oil price supportive.
Is Pacific Drilling a takeover candidate?
Bloomberg Business earlier reported that the offshore drilling contractor Pacific Drlling was being looked at by Transocean, Ensco and Seadrill as a potential takeover candidate.
Who is buying in now !
Jun 17 - Close
NYSE real-time data - Disclaimer
Currency in USD
Range 8.10 - 8.83
52 week 3.00 - 39.60
Open 8.10
Vol / Avg. 283,995.00/346,152.00
Mkt cap 201.15M
P/E 24.90
Div/yield -
EPS 0.34
Shares 22.55M
Beta 2.73
Inst. own 15%
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Since the beginning of 2020, both the global health crisis caused by COVID-19 and the failure to reach international agreement on oil production cuts has caused significant disruption in economies and markets, including a substantial decline in the price of oil. The impact of these market conditions on Pacific Drilling’s business has been direct and significantly negative, resulting in a dramatic reduction in contract drilling demand.
Pacific Drilling announced on October 30, 2020, that it and certain parties of their domestic and international subsidiaries have entered into a restructuring support agreement (the “RSA”) with the largest holders of the company’s outstanding bond debt and filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. This Court-supervised process – which is predicated upon a proposed “prearranged” plan that the bondholders party to the RSA have agreed to support in accordance with the terms and conditions of the RSA – aims to eliminate Pacific Drilling’s bond debt and thereby optimize the Company’s capital structure for a low-commodity-price environment. The Company expects to emerge from Chapter 11 before year-end.
Pacific Drilling has adequate liquidity to ensure that we can purchase supplies, maintain our assets, and pay our employees during this process. With seven of the most advanced high-specification drillships in the world, Pacific Drilling intends to continue our world-wide operations as usual as well as continue to serve customers without interruption.
More Information
For more information, please refer to our claims agent website http://cases.primeclerk.com/pacificdrilling2020 or call our dedicated information hotline at +1 877-930-4314 (toll free) or +1 347-897-4073 (international) to address specific questions.
Our most recent press releases can be found here.
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