VTG - Vantage Drilling Company - DD Inside
Hey guys, I have been lurking for about a week and thought that I would start to contribute. I love the picks so far. Most of the boards seem to focus on the pump-n-dump and I don't have time to play those type of stocks at work. Anyways,I like VTG as a breakout play for both short and long term.
"Vantage is an offshore drilling contractor providing drilling services internationally with a focus on deep water and other high-specification drilling solutions.
We have built one of the most experienced and dynamic teams in the industry with an unsurpassed safety program, premier offshore drilling performance, and a track record of outstanding results achieved by exceeding expectations for all of our stakeholders."
First off, there is the insider buying. These are just the purchases since Dec:
Dec 15, 2010 SU HSIN-CHIDirector 203,706 Indirect Purchase at $2.20 per share. 448,153
Dec 13, 2010 SU HSIN-CHIDirector 1,300,000 Indirect Purchase at $2.05 per share. 2,665,000
Dec 10, 2010 SU HSIN-CHIDirector 1,658,500 Indirect Purchase at $1.92 - $1.94 per share. 3,201,0002
Dec 9, 2010 SU HSIN-CHIDirector 1,500,000 Indirect Purchase at $1.80 per share. 2,700,000
Dec 8, 2010 SU HSIN-CHIDirector 250,000 Indirect Purchase at $1.68 per share. 420,000
Dec 7, 2010 SU HSIN-CHIDirector 28,000 Indirect Purchase at $1.73 per share. 48,440
Dec 7, 2010 SU HSIN-CHIDirector 270,000 Direct Purchase at $1.71 per share. 461,700
Then you have Platinum Explore Coming online. The Platinum Explorer is contracted for five years with estimated revenues of approximately $1.1 billion.
Another recent contract
Vantage Awarded Drilling Contract in South East Asia Worth $77.9 Million (Offshore Energy Today)
DateTue, December 14, 2010
Vantage Drilling Company announced today a contract award for a drilling program in Southeast Asia consisting of two wells plus an option well. The anticipated duration of the first two wells is fourteen months. The contract is anticipated to commence in the third quarter 2011 utilizing the Topaz Driller, or alternatively the Emerald Driller(photo1) or Aquamarine Driller.
This is only one of the backlog of contracts they have in the works.
These are 2 of the many contracts they have in their backlog.
Check their financial info:
http://finance.yahoo.com/q/is?s=VTG+Income+Statement&annual
And finally, the chart. By no means am I a chart guru like you guys so you can tell me how it looks. I just know this company is growing fast and they have excellent fundamentals. I think this company will see $3.00 dollars upon update of the Platinum project. They are way undervalued IMO.
http://www.vantagedrilling.com/
Tom