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no position, but have been watching lately. What's up with the high 7+ million volume every day? $HERO volume is much smaller & more stable, but VTG's volume is very high. The big sell off was a few weeks ago, so is this accumulation or are professional day traders responsible for every day's big volume action?
Shorters running it down.
http://vantagedrilling.com/investor-relations/presentations/
But company is looking healty.
Take a look at the companys website an you can see it yourself.
VTG is going to come out stronger then before.
Loaded myself with over 200.000 shares.
Target $0.6
Something is up, only that we will get to know after the fact, just like always happens with retail.
Crazy volumes this past few weeks, who is doing all this dumping?
Another 14mil dumped after close, this baby never stops on giving ...
Man, this baby is moving fast, with up to 10% spread at times is getting hard to even place an order without changing it 10 times ... lmao
This is going down, there is tremendous selling pressure, play the bounces for now. As the dumpage stops it will go up some, assuming it will still be trading by then.
What just happened there? Dropped to .195 and then shot up to .215!?
On the 3 day chart, it looks like it's trying to form a cup and handle.
Strategic alternatives is usually a sign of significant distress. Waiting for the bottom of the OFS market is a weary exercise and reduced margins and delayed payables is hiring cash flows considerably. I would expect equity dilution which could weigh to the downside near term but should reemerge stronger mid and long term. All in my opinion.
IMPENDING DOOM???
I guess the markets aren't taking the PR at face value.
From listening to their Conference Calls they should have the cash flow to make it through another 1.5 yrs. The market might improve in the mean time.
Someone sold 18.5 million shares in 60 seconds today.
Interesting trade.
Anyone have an opinion and DD on this company??
I'm long VTG
opp of a lifetime
Vantage is still clear to the end of 2016.
Enough time for oilprices to rebound.
one word here
OVERSOLD!!!!
Vantage Drilling (NYSEMKT:VTG) says it has retained Lazard to advise it in evaluating financing opportunities, strengthen and expand management's analysis of the changing marketplace and provide an independent resource for evaluating strategic plans.
Vantage Drilling Retains Lazard to Assist in Review of Financing and Strategic Opportunities
4:36 pm ET June 22, 2015 (Market Wire)
Vantage Drilling Company ("Vantage or the "Company") (NYSE MKT: VTG) announced today that it has retained Lazard Freres & Co. LLC to advise the Company with respect to financing and strategic opportunities. The Board of Directors has retained Lazard to evaluate financing opportunities, strengthen and expand management's analysis of the changing marketplace and provide an independent resource for evaluating the Company's strategic plans. The outcome of this process cannot be determined at this time and may not be determined in the near term. The Company does not anticipate disclosure of developments concerning this process until the Company determines that disclosure is necessary or appropriate.
Paul Bragg, Chairman and Chief Executive Officer, commented, "Over the past year and a half, our strong operating performance has allowed us to maintain our commitment to the retirement of debt, resulting in the repayment of over $300 million of outstanding debt. In accordance with this strategy, we have continued to retire debt during the second quarter, and anticipate that we will continue to opportunistically repurchase debt going forward. Given that our debt continues to trade well below its face value, we have retained Lazard to explore alternatives to take advantage of what we view as a current market opportunity for the near and long term benefit of the company."
Public & Investor Relations Contact:
Paul A. Bragg
Chairman & Chief Executive Officer
Vantage Drilling Company
(281) 404-4700
SOURCE: Vantage Drilling Company
The stock crossed a technical point on chart- I sold beforehand as it was setting up to cross.
I imagine many many tossed in the towel as it crossed as they had held on belief it would rally.
Why dumping such volume at this level?
Folks not paying attention I suppose....
I personally believe it had a lot to do with this article from Zacks.
http://www.zacks.com/stock/news/179005/expect-offshore-drillers-to-see-more-pain-ahead
If this falling share price continues I have no problem picking up more shares. This is a trade that will require some patience but a good investment in the long run IMO. Good luck.
No news out yet. Any thoughts on the cause of the enormous volume on Thurs/Fri? Vtg continued to fall into Friday's close - even hero recovered slightly from its Thursday low off its bankruptcy news. No other driller had even close to the sell off volume & 2 day fall as vtg. Is it fear selling, insiders dumping, pro short manipulation?
Its even good for the sector HERO threw in the towel.
What is going to happen when oil price is going to pick up if these old rigs are scraped. dayrates are going to be higher then in the past
Only matter of time 1 year or more we dont know.
Vtg big debt matures only in 2017 ,so we have time
Its just fear.
Ya hero's bankruptcy came unexpected & much sooner then people expected. They had mostly old & idle rigs. VTG has a better chance with their small & modern fleet. What they need is a merger or to sell the company.
Yes i agree. That $HERO BK filing I'm sure has spooked the sector.
A lot of fear based selling going on today & yesterday, which may or may not be justified. At this point VTG is a super penny stock, so we have to expect wild swings up and down over time. This can continue to go lower, but any positive news can send this flying. We shall have to wait & see.
$VTG.3095 Watching 2 See if it Pops from here again.
This POS is about to tank further
If it becomes an option, can the company be sold with the ongoing lawsuit with SU? Or does the lawsuit have to be resolved first?
It does trade relative to the price of oil, but more dependent on news and updates from the company. It has also been impacted by updates from other similar companies such as HERO
for the traders/investors that have been here a while - has this traded with the price of oil on a daily/weekly basis at all or has this primarily been dependent on company execution and contract wins/roll-offs ect?
could touch .60 this week imo
Vtg hit .50 again today. It doesn't belong below .60 and I think we will see it break above .60 this month. Summer may be good to patient holders. Could be just getting started
Agreed $VTG weathering the storm nicely, Those drill ships bring some major coin, if they ever get a contract for the Cobalt look out!
wow end of day close trimmed penny and a half
idk same, gridlocked at .41 here
No- can't till tonight.
How is it going?
True, are you listening to the CC?
We are doing ok- the sector is under some pressure today.
wish the bid support was stronger
Earnings beat estimates- will see how it plays: sector in rally but pressure on markets today..
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## source: finance.yahoo.com
Sat, 14 Mar 2015 17:04:13 GMT ~ VANTAGE DRILLING CO Financials
read full: http://finance.yahoo.com/q/is?s=vtg
*********************************************************
Mon, 09 Mar 2015 00:08:08 GMT ~ 10-K for Vantage Drilling Co.
read full: http://www.companyspotlight.com/routers/headline/21451/10004/6459975?cp_code=YAH1&1425859688
*********************************************************
Fri, 06 Mar 2015 20:52:29 GMT ~ Oil Servicer Vantage Drilling Plans to Buy Back More of Own Debt
read full: http://www.bloomberg.com/news/articles/2015-03-06/oil-servicer-vantage-drilling-plans-to-buy-back-more-of-own-debt?cmpid=yhoo
*********************************************************
Fri, 06 Mar 2015 19:16:07 GMT ~ Vantage Drilling Company Reports Fourth Quarter and Record Annual Results for 2014
[at noodls] - Vantage Drilling Company Reports Fourth Quarter and Record Annual Results for 2014
read full: http://www.noodls.com/view/560CEB9D5EACE96D20ADFAC42CFE891505119D74
*********************************************************
Fri, 06 Mar 2015 19:06:53 GMT ~ VANTAGE DRILLING CO Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
read full: http://biz.yahoo.com/e/150306/vtg8-k.html
*********************************************************
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/VTG/company-info
Ticker: $VTG
OTC Market Place: Not Available
CIK code: 0001419428
Company name: Vantage Drilling Co.
Incorporated In: Cayman Islands
Business Description:
## source: otcmarkets.com
Market Value: $122,362,634 a/o Apr 21, 2015
Shares Outstanding: 310,486,258 a/o Feb 11, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001
Company name: Vantage Drilling Co.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/VTG/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/VTG/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=VTG+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=VTG+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=VTG+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/VTG/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/news - http://finance.yahoo.com/q/h?s=VTG+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/VTG/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/VTG/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/VTG/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/VTG/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/VTG/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/VTG/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/VTG/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=VTG+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/VTG
DTCC (dtcc.com): http://search2.dtcc.com/?q=Vantage+Drilling+Co.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Vantage+Drilling+Co.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Vantage+Drilling+Co.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/VTG/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/VTG
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/VTG/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/VTG/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/VTG/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001419428&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/VTG/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/VTG/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=VTG&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=VTG
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=VTG+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=VTG+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=VTG
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=VTG
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=VTG+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/VTG/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=VTG+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/VTG.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=VTG
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/VTG/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/VTG/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/VTG/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/VTG/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/VTG
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/VTG
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/VTG:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=VTG
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=VTG
777 Post Oak Blvd, Ste 610
Houston, TX 77056
T: 281-404-4700
F: 281-404-4749
www.vantagedrilling.com
BUSINESS SUMMARY
Vantage Drilling Company is led by an experienced management team dedicated to building a first tier offshore drilling company with a balanced fleet comprised of floaters and jack-ups. We are currently engaged in an extensive new build program that consists of two technologically advanced, dynamically positioned drillships and four ultra-premium Baker Marine Pacific Class 375 independent leg jackups. The drillships are designed to drill in water depths of 12,000 ft to a total drilling depth of 40,000 feet. The jackups are capable of drilling to depths of 30,000 ft. Vantage Energy Services, Inc. does not have significant operations. It intends to acquire, through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction, joint venture, or other similar business combination, one or more businesses in the oilfield services industry. The company was founded in 2006 and is based in Houston, Texas.
Paul A. Bragg CEO and Director |
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Douglas Halkett COO |
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Douglas G. Smith CFO |
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Christopher G. DeClaire CIO |
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Edward Brantley Chief Accounting Officer |
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Michael Derbyshire VP Marketing |
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Dave Weatherly VP QHSE |
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Don Munro VP Operations |
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Bill Thomson VP Engineering and Construction |
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Rig Name | Manager | Rig Type | Current Region | Current Status |
Aquamarine Driller | Vantage Energy Services | Jackup | Asia - SouthEast | Enroute |
Cobalt Explorer | Vantage Energy Services | Drillship | Asia - Far East | Under Construction |
DragonQuest | Vantage Energy Services | Drillship | Asia - Far East | Under Construction |
Emerald Driller | Vantage Energy Services | Jackup | Asia - SouthEast | Drilling |
Platinum Explorer | Vantage Energy Services | Drillship | Asia - Far East | Under Construction |
Sapphire Driller | Vantage Energy Services | Jackup | Africa - West | Workover |
SeaDragon I | Vantage Energy Services | Semisub | Asia - SouthEast | Under Construction |
SeaDragon II | Vantage Energy Services | Semisub | Asia - SouthEast | Under Construction |
Topaz Driller | Vantage Energy Services | Jackup | Asia - SouthEast | Drilling |
More information can be found at: www.rigzone.com and www.subsea.org/company/listdetails.asp
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