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From the beginning of 2014 to now company reduced debt with almost $ 500 million
company is only valued at $45 million .
There are no real debt payments before 2017.
oil price is going to go up by then.
even $70 is just fine for vantage.
this company is far from bankrupt.
I think it could be positive and finally put the bottom on this.
expecting $215 mil in rev
net profit of $15mil or 5 cent a share .
reducing debt with over 80 million .
every 100million they can reduce is $7.5 million less interest expenses over the course of a year.
This thing is ready to fly.
Also expect some positives on the nobu su case,the lazard review or the best thing new contracts, even at a lower rate its all good.
price to share ratio is under 0.05 ,this is rediculous.
seadrill is at a price to sales ratio of almost 1
thats 20 times higher,they are in the same boat ,even debt to sales ratio is the same.
Stock should be atleast at $0.75 on current conditions.
I have no position, but Eager to listen to the Q conference on this.
Something to put it in perspective.
Current price to sales ratio. 0.05
This is exremly low by any means.
Probably lower then a bankrubt value.
If we recover we can all imagine where this is going to go.
Great article ,was reading it yesterday.
Dont think vtg is going to buy back stock
Two reasons.
If they buy stock they are also benefiting Su ,dont think they want to do that.If he is out of the way and someday he is going to be ,we might see that. But the share price could be back to a dollar already
There main focus is one retiring debt.
As you can see by the latest sec filling.
Tender offer to buy back senior notes.
This thing is ready to explode
three reasons why stock tanked
1 oil prices
2 chapter 11 from HERO -->Vantage is in another ball park
3 Huge positionselling by big fund.As you can see on the volume chart.
It's going to be interesting to see how this plays out..
I'm expecting them around august 7
One last question, when can we expect the next Q results? TIA
We just have to wait for second quarternumbers and statements.
We could be in for some positive surprises i think.
According to rigzone ,all rigs are drilling except for one jack up that is ready stacked.
We are already trading at BR prices here.
Cant see oil is going to stay this low for the reminder of the year.
Demand is up 1.6million barrels world wide Y/Y
Only opec is flat out . I even think that is a scarry tought.
What if demand is going to swallow everything up to producing level.
oil will go, up ,is it going to take a year ,2,3,4 we dont know
The question is can vantage survive this period.
If they do,back to $2.
GLTYA
Your right, no need to panick yet. This could be way oversold. Or the pps could be justified. We'll see soon
As long we are making green quarters no need for chapter 11?
last quarter 80million debt gone .
second quarter is going to be the same.
With contracts in place and all rigs drilling except for one jack-up.
No need for panicking yet.
VTG has an excellent fleet, but billions in debt. The market is horrible - I expected a slight recovering in the summer, but was wrong. From the eyes of current management, a chapter 11 restructuring bankruptcy is easier & healthier then continuing to weather this huge debt. Overall in the industry rigs are getting cancelled & what contracts are signed are usually less then half of what companies got last year, and at much shorter contract time-lengths. Petrabas may (or may not) cancel their contract with vtg's rig, using the excuse of corruption. If they do, it may take VTG up to a year to fight that contract in court, which is money they don't have & they can't weather the loss of a deep water drill contract. Odds are VTG will declare chapter 11, but if they somehow don't this will easily shoot up 200% + more like gambling at this point unless your "in the know"
Got in at 14.5 which i feel is a good buy.
That is exactly what drew me to this co. Their drills are top notch.
We will see where she goes from here.
I think there are no problems with the petrobas contract for the titanium.
http://www.marketwired.com/press-release/-2035257.htm
i believe the board that they are standing firm in there boots on this.
market is looking bad for the moment.
But we have contracts to the end of 2015.
forget the jack-ups they only count for a minor % in revenu
without them we still make a profit.
And also remember we have the most modern fleet in the world.
The deepwaterdrilships are the most high spec of there kind.
these arent going to be scraped ,could be ready or warm stacked for a while.
But in the end explorationcompanys are going for new equipment.
In the end when prices do pick up we have a global shortage in drilling rigs.
And that is where the fun starts, day rates on these kind of vessels are going trough the roof.
I think you are right. I think though that this Q and maybe next Q offshore rigs across the board are going to be pounded. That plus the Petrobas...may have an incredible buying op if here if they pull through.
According to rigzone the aquamarine driller is ready stacked
http://www.rigzone.com/data/offshore_drilling_rigs/1498/Jackup/Vantage_Drilling/Aquamarine_Driller
Even the Emarald is still in drilling status.
All the other rigs and ships are drilling.
What is the company not telling us.
Its good news.
Remember last quarter we took $ 80million debt of the balance sheet.probably we are going to do the same in the second quarter.
This shareprice is rediculous low .
Vantage has not a singel problem to 2017 when we have to pay back a significant amount of debt.
Oil prices are going to recover by then.
The Petrobras stuff is scaring people IMO.
It's bouncing now... Down the basement stairs & it's getting darker as the days go by
When's the bounce?
New here. Will be looking at this all weekend. Short interest in this all done?
That Would Be Nice!
This looks good
Is it boom yet??
Good enough for me
When you got 50k shares it is. You do realize .016 is 10% don't you???
I wouldn't call a penny gain "boom time." If it can hit .19/.20 we may have a run
Vantage Drilling Company (NYSE:VTG) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 13,284,646 shares, a drop of 3.8% from the June 15th total of 13,809,911 shares, AnalystRatingsNetwork.com reports. Currently, 7.1% of the company’s stock are short sold. Based on an average daily trading volume, of 11,046,546 shares, the days-to-cover ratio is presently 1.2 days.
Probably just the start of them building a position
3.6% stake taken by FMR llc filed with SEC today
Been flipping this for the last couple days and im really not a flipper,but the ways it trades it would be dumb not to , till it settles down.
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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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