watching and buying weakness
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...I am waiting for a letter in the mail...perhaps you have had similar experiences...join a lawsuit and you receive x amount per share...or the letter reads, Vantage takes the VTGDF shares private at 50 cents, 80 cents, 200 cents per share...here is your cheque...or the letter reads, liquidation is complete and your payout is 20 cents, 50 cents, 80 cents or 200 cents....which letter is most probable?
...I really like the upside here...forgotten ticker...blue skies above...
I think shareholders and creditors and Vantage management and lawyers get proportional amounts of law suit money...lots going on here...dig into the SEC filings to see proportions of ownerships of of all creditors and VTGDF shareholders. Best-
We (owners of VTGDF) own ~13% of private company Vantage...
Vantage price growth from Feb 2016 to today July 2 2018 is $85 to $260
VTGDF had a stock value of 20 cents due to promissory note value traded for shares of VTGGF Feb 2016
...since $85 to $260 is a triple, then relative to VTGGF pricing VTGDF shares have a price value of 60 cents...but this $600 million lawsuit win makes the math much more interesting for the lawyers...
Vantage drilling international stapled securities up double digits as well:
https://finance.yahoo.com/quote/VTGGF/
...everything looks good from this perspective...patience of Job will win the day...lol
20 cents, 70 cents, 220 cents per share...all now very plausible due to kindled interest of lawyers due to WIN for vantage in Petrobras lawsuit...
Took approximately 3 years but Vantage wins award of $0.622 billion from breach of contract claim against Petrobras...Equals pre lawyer fees approx $2 cash for each of the pre reorganization 300 million shares OS...lawyers will now be VERY interested in the to be calculated liquidation value of VTGDF common shares...
With you...patience yet...undervalued...love the position...bags of gold...
Vantage Drilling International Announces Closing of FCPA Investigation by the DOJ
HOUSTON, TX--(Marketwired - August 16, 2017) -
Highlighted Links
http://vantagedrilling.com/
Vantage Drilling International ("Vantage" or the "Company"), announced today that it has received a letter from the United States Department of Justice (the "DOJ") acknowledging Vantage's full cooperation in the DOJ's investigation concerning possible violations by Vantage of the Foreign Corrupt Practices Act (the "FCPA"), and indicating that the DOJ has closed its investigation without any action.
The investigation arose in 2015 from allegations of improper payments to former officials of Petróleo Brasileiro S.A ("Petrobras") in connection with the contracting of the Titanium Explorer drillship to Petrobras. From the outset of the investigation, the Company has provided its full cooperation to the DOJ and the United States Securities and Exchange Commission (the "SEC").
Mr. Ihab Toma, Vantage's Chief Executive Officer, stated, "We are very pleased with the closure of the DOJ's investigation. Vantage has been, and remains, firmly committed to conducting its operations in compliance with all applicable laws and regulations, including the FCPA."
It is the Company's understanding that the parallel investigation by the SEC remains open at this time, and Vantage continues to cooperate with the SEC with regard to that investigation.
Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships, four premium jackup drilling rigs and one standard jack-up drilling rig. Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells globally for major, national and large independent oil and natural gas companies. Vantage also provides construction supervision services and preservation management services for, and will operate and manage, drilling units owned by others.
The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the Company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Vantage disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
http://www.marketwired.com/press-release/vantage-drilling-international-announces-closing-of-fcpa-investigation-by-the-doj-2230509.htm
More revs...great news!....prolly mentioned again at q2 2017 cc Aug 2,2017 before market opens...maybe billion dollar lawsuit now settles out of court?...waring sides strike a deal?...gl back at ya!
It is what it is: And what is it? Revenues, the lifeblood of companies...yes they are making good progress!...as your bank account also tells you as we are up close to 1000% :,)
More Revenues: Vantage Drilling International Announces Letter of Award for the Platinum Explorer, June 27, 2017 13:19 ET
HOUSTON, TX--(Marketwired - Jun 27, 2017) - Vantage Drilling International ("Vantage" or the "Company"), announced today, that its ultra-deepwater drillship, the Platinum Explorer, has received a letter of award for a three year contract from Oil and Natural Gas Company (ONGC). The Platinum Explorer is planned to mobilize to India in the fourth quarter of 2017. Expected revenues over the three-year contract term, exclusive of service tax, are approximately $118 million.
Ihab Toma, the Company's Chief Executive Officer, commented, "We are delighted to put this drillship back to work in this challenging environment and we look forward to safe and successful operations for our customer, ONGC. Vantage and the Platinum Explorer have previously worked for ONGC for five years and we look forward to providing the same professional service to this client."
Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships, four premium jackup drilling rigs and one standard jack-up drilling rig. Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells globally for major, national and large independent oil and natural gas companies. Vantage also provides construction supervision services and preservation management services for, and will operate and manage, drilling units owned by others.
The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the Company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Vantage disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
SOURCE: Vantage Drilling International and MARKETWIRED
http://www.marketwired.com/press-release/vantage-drilling-international-announces-letter-of-award-for-the-platinum-explorer-2224045.htm, accessed June 27
I suggest depends on order size yet to execute...once supers have enuff shares...rip up to draw in buyers to sell shares to...so many catalysts here...holding and adding on weakness....nice buys especially yesterday...800,000 bought at about 2cents...
Time for supercomputers to tap price down with a small share lot...lol
Ihab Toma
I think you know definitely in the first part of your question, customers have understood very well this is Vantage 2.0 and it is a great company to be working with. We have been really qualifying for customers that we have never qualified for before. I mean we were not even on their bid list before, and not only that we are getting invited now to their bids, we are getting qualified and even getting to the shortlist of the finalist. And these are customers that really did not even invite us to bid prior to a year or two ago.
So, this is clear with the customers. We had also a couple of occasions where we achieved those kind of milestones I was talking about, and in the process of me going to sign the customer in their office. I asked them, so what was the thinking process here and they take me through it and at the end they say, it finally came down to who do we want to work with? So now today, Vantage is the company people want to work with...
"Vantage Drilling's (VTGDF) CEO Ihab Toma on Q1 2017 Results - Earnings Call Transcript
May 8, 2017 8:38 AM ET|
About: Vantage Drilling Co. (VTGDF)
Q1: 04-27-17 Earnings Summary
News
Press Release
EPS of $-7.3 | Revenue of $42.05M (+ Infinity% Y/Y)
Vantage Drilling Co. (OTCPK:VTGDF) Q1 2017 Earnings Conference Call May 4, 2017 10:00 AM ET
Executives
Douglas Stewart - VP, General Counsel & Corporate Secretary
Ihab Toma - Chief Executive Officer
Tom Cimino - Chief Financial Officer
Douglas Halkett - Chief Operating Officer
Analysts
Haithum Nokta - Clarksons Platou Securities
Operator
Good morning ladies and gentlemen and welcome to the Vantage Drilling International First Quarter Results for 2017 Conference Call. Today's conference is being recorded. At this time, I’d like to turn the conference over to Douglas Stewart, General Counsel. Please go ahead, sir.
Douglas Stewart
Thank you. Good morning, everyone and welcome to the Vantage Drilling International 2017 first quarter conference call. With me today is Ihab Toma, our CEO, Douglas Halkett, our COO, and Tom Cimino, our Chief Financial Officer."
655094 VTG aka VTGDF shares now registered as of May 5 2017 S1 filing. Link:
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001465872&owner=exclude&count=40
So easy to keep track of our legal assets...none of which have secured liabilities ...all SEC filed.
Thanks for the link Alpha...good post.
we will see a handsome return here on our investments.... :,)
Thanks for sharing...I guess I forgot a few things...thanks for helping with my due diligence regarding VTGDF...
VTGDF has no secured debts...VTGDF owns at least 13%, maybe more due to new internal conflict with how VTGDF assets were sold to VDI for only 13%, of VDI...nothing is normal regarding VTGDF...this is a gem...nuggets of gold for some...Major hedge funds have upped their share counts of VTGDF...Major hedge funds have more than doubled their shares of VDI...etc etc...have a good w/e...
PS: I hope lots of people sell shares so that shares get cancelled and when the pie is split up, their will be more proportionate pie for the patient...major money is made by sitting on our hands and doing nothing...GL
PPS: How many shares does KPMG now own of VTGDF? If VTGDF is awarded more than 13% of VDI then KPMG cashes in big...If Vantage wins billion + dollar lawsuit then KPMG cashes in big...If Vantage is bought out, then KPMG cashes in big...
Good post...thanks for sharing....
here is another recent article (April 20 2017)mentioning more potential revenues for Vantage drilling (using titanium explorer which is currently warm stacked in South Africa)
https://seekingalpha.com/article/4063804-offshore-drilling-forget-oil-prices-talk-oil-reserves-case-mexico
Great news! The Vantage revenue pipeline keeps growing and extending...thanks for the link.
Vantage Drilling mentioned in link below...Q: What is the likelihood Vantage is bought out today relative to being bought out one year ago today? Q: What would be the estimated buyout price today relative to last June's published company value?
Have a wonderful weekend.
https://seekingalpha.com/article/4058850-seadrill-follow-ocean-rig-steps-will-big-john-surprise-us
...Big John, "Bottom is in"
https://seekingalpha.com/article/4058015-seadrill-listen-norwegian-connection-opportunity-now
...Big John is buying
https://seekingalpha.com/article/4055269-alert-big-john-getting-shopping-fever
...always prudent to keep an eye on the competition / potential suitors of Vantage
Good evening all! Large hedge funds are continuing to hold vtgdf...large hedge funds have doubled their investments...large hedge funds can out spend and out think us retail investors...they are in...seven up...buy some shares...you may be wrong...alpha keep holding and trading...you may be wrong...i like the risk reward here...holding and adding and trading...i may be wrong...but we should all hedge what we see as likely probabilities...
...we are up against super computers which ate 6 million shares about 2 weeks ago in one day at 2.5cents each...what market maker would eat that much if the shares are worthless...answer? No MM...
Buy, hold, sell as you see fit....free enterprise is enjoyable and profitable...give some back as your winnings mount...
March 7 2017 good news that references VTGDF, Competitors, and Vantage winning 3 year India contract. This was refered to by Vantage's Toma the CEO on March 10 2017 cc...http://seekingalpha.com/article/4052619-seadrill-3-offshore-drillers-poised-win-3-ongc-3-year-tenders-really-worth
...good commentary at article bottom...
Anyone trading the 50.11% owned subsidiary SEVDR on the oslo norway exchange? If so, through which software trading platform?
Thanks in advance...
Good news SA article mentioning SDRL and Sevan Drilling Ltd:
http://seekingalpha.com/article/4052619-seadrill-3-offshore-drillers-poised-win-3-ongc-3-year-tenders-really-worth
GOOD NEWS Financial summary of yesterdays legal March 10 2017 SEC filing...VTGDF owns 13.1% of VDI...and for Feb 10/16 to Dec 31/16 VDI has ended the year with:
$1.2B in Assets
$252M in Cash
$160M in Revs which equals $438,456.16 per day revenue
5 M outstanding share count
$226.5M shareholders equity which translates to:
$45.31 price per VDI share (5M OS) of shareholders equity
$1,285.3M in Reorganization value of assets which translates to
$0.54 price per VTGDF share (313M OS)
https://www.sec.gov/Archives/edgar/data/1465872/000156459017003993/vdi-10k_20161231.htm page 23,24 , accessed March 11/17
Name another penny stock with the above numbers...can't find one?...lol..we are going up...
...what if we win Platinum Explorer contract for 3 years?, what is we win the $1B lawsuit against Petrobas for illegally killing Titanium Explorer contract early, what if all the other catalysts come into fruition...we are going up...have a good weekend...
...as vtgdf should...take a look:
https://www.sec.gov/Archives/edgar/data/1419428/000119312515393377/d55619dex102.htm dated Dec 2 2015
...I always wondered about this paragraph:
"WHEREAS, as reflected in the books and records of the parties as of September 30, 2015, (a) VESI has an intercompany receivable in the aggregate amount of $3,225,346 owed by Buyer on a consolidated basis (including, with its affiliates that are intended to be Debtors) (the “VESI Buyer Receivable”), (b) VIMCO Singapore has an intercompany receivable in the aggregate amount of $17,827,137 owed by Buyer on a consolidated basis (including, with its affiliates that are intended to be Debtors) (the “VIMCO Singapore Buyer Receivable”), (c) VIMCO Singapore has an intercompany receivable in the aggregate amount of $98,731,362 owed by Seller and its subsidiaries (other than VESI and VIMCO Singapore) (the “VIMCO Singapore Seller Receivable”) and (d) Seller and its subsidiaries (other than VESI and VIMCO Singapore) have an intercompany receivable in the aggregate amount of $115,666,499 owed by VESI (the “Seller VESI Receivable” and together with the VESI Buyer Receivable, the VIMCO Singapore Buyer Receivable and the VIMCO Singapore Seller Receivable, the “Receivables”); and
WHEREAS, as contemplated by the terms of the RSA (Restructuring Support Agreement) , Buyer, Seller, VIMCO Singapore and VESI agree to settle or otherwise address Receivables involving VESI and VIMCO Singapore in a manner set forth herein that is mutually beneficial to both Buyer and Seller;
...to summarize: The following needs to be settled: ...$235,450,344 in receivables were sold (assume VTG that evolved to VTGDF was bought and its two subsids VESI and VIMCO were bought by buyer OGIL that evolved to VDI) for $64.5 Million promisory note. Never seemed just...some posters have mentioned fraudulent conveyance of assets including accounts receiveable...] Interesting to have this discussion in yesterday's legal SEC filing
GOOD NEWS: Rig contractors close to three-year ONGC deals
Seadrill, Singapore’s Vantage and Brazil’s Queiroz Galvao Oil & Gas expected to secure contracts — two for deep water and one for 600 metres — for east coast KG-DWN-98/2 development
Nishant Ugal New Delhi
3 Mar 2017 00:00 GMT
Three leading international drilling contractors are poised to win three-year, deep-water rig contracts from India’s Oil & Natural Gas Corporation (ONGC) for its flagship Block KG-DWN-98/2 development off the country’s east coast.
ONGC requires two 1500-metre, dynamically positioned drillships or semi-submersibles in one category and a single anchor-moored rig capable of drilling in 600 metres of water in the second.
London-headquartered giant Seadrill and Singapore’s Vantage Drilling are expected to win three-year rig charter contracts in the 1500-metre category, while Brazil’s Queiroz Galvao Oil & Gas (QGOG) is likely to win a three-year rig contract in the 600-metre category, sources said.
Seadrill was said to have emerged as the lowest bidder in the 1500-metre category when commercial bids were opened by ONGC on 27 February.
“Seadrill offered the lowest operating dayrate of $124,889 (service tax inclusive) for its drillship Sevan Driller,” a source said.
Vantage Drilling was placed a close second, offering an operating dayrate of $129,582 for drillship Platinum Explorer, which also includes the service tax component.
Another source said that both Seadrill and Vantage are expected to win rig contracts, as ONGC requires two drilling units in the 1500-metre category.
However, it is thought that ONGC will ask Vantage to match the dayrate offered by Seadrill.
More than a dozen offshore rigs were offered by nine contractors in the 1500-metre category last year. Other bidders in the same category included Transocean, Universal Energy Resources, two players offering Ensco rigs, and India’s Dynamic Drilling on behalf of US-based Noble Drilling and Ocean Rig.
Transocean offered three drillships in the 1500-metre category — Discoverer India, Deepwater Millennium and Discoverer Luanda.
However, Transocean is believed to have offered the highest dayrate in the same category, offering a service tax inclusive operating rate of $166,750 for three of its rigs.
In the second category, QGOG emerged as the lowest bidder with a service tax inclusive operating dayrate of $138,000 for its semisub Olinda Star.
Transocean was second in line, offering an operating day-rate of $146,050 for semisub Marianas.
Only three rig contractors submitted offers in the second category last year.
Japan Drilling had also offered its semisub Hakuryu-5 to ONGC in the 600-metre category, but it could not be confirmed whether the state-owned giant opened its price bid.
A huge fleet of more than 30 deep-water drillships and semisubs was originally offered to ONGC in a tender floated in 2015 seeking up to five deep-water units that included the KG-DWN-98/2 requirement.
However, ONGC halted that process last year due to uncertainty at the time about the pace of progress of the KG-DWN-98/2 development and when drilling units would need to be mobilised.
ONGC’s board later approved a $5 billion development plan of the Cluster 2 fields in KG-DWN-98/2, paving the way for the tender to be freshly issued in September last year. ONGC plans to drill 35 development wells at the deep-water block in a major drilling programme over the next two to three years with the help of the three drilling units that is on the cusp of chartering.
First gas from the Cluster 2 fields development is targeted by the Indian operator for June 2019, with first oil starting to flow in March 2020.
...more revenues coming on line...another catalyst...
Vantage Drilling International Schedules Fourth Quarter 2016 Earnings Release Date and Conference Call
HOUSTON, TX--(Marketwired - March 03, 2017) - Vantage Drilling International ("Vantage" or the "Company") today announced that it will host a conference call at 10:00 AM Eastern Time on March 9, 2017 to discuss operating results for the fourth quarter of 2016 and recent developments. Vantage will release earnings before the market opens on March 9, 2017. Vantage's earnings release will be posted to the Vantage website at www.vantagedrilling.com.
To access the conference call, U.S. callers may dial toll free 888-219-1217 and international callers may dial 913-312-0936. The pass code will be 1598687. Please call ten minutes ahead of time to ensure proper connection. A replay of the conference call will be available for two weeks following the call and can be accessed by dialing 888-203-1112 for U.S. callers and 719-457-0820 for international callers. The access code for the replay is 1598687.
About the Company
Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships and four ultra-premium jackup drilling rigs. Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells globally for major, national and large independent oil and natural gas companies. Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others.
http://www.marketwired.com/press-release/vantage-drilling-international-schedules-fourth-quarter-2016-earnings-release-date-conference-2200478.htm, accessed March 4 2017
Somebody knows something :,)
More Revenues...added capital infrastructure for pennies on dollar....great news all around!
Notice the NEW preservation management contract which started Q1 2017...this company keeps signing new contracts...banks more coin...revenue is the lifeblood of free enterprise...pg 20 of previous post link...also found here http://vantagedrilling.com/rig-fleet/rig-fleet-status/...
...Awaiting q4 2016 results and further news...
Beautiful new Vantage Drilling presentation:
http://vantagedrilling.com/wp-content/uploads/2017/01/Introduction-to-Vantage-Drilling-International-27-Oct-2016-v2.pdf
In with a starter...0.72...nice close....
OT...11 seconds into trade today...13 shares sold...if 13 is a Market Maker signal...13 may mean "I need shares" and "Take the stock down at least 30% so I can load shares"...lets see what happens...the "random" walk of the market may not be so random today and going forward into earnings...
No problem...trade and hold well...
[Ownership Reference from Aug 19 post]
Good post...I know [very wealthy hedge funds and] people who own both kinds [of shares]...(the following lists are not exhaustive)
Group one below owns COMMON VDI shares:
York Funds
Vantage Drilling Company
Anchorage Funds
GoldenTree Funds
Knighthead Funds
Q Funds
Whitebox Funds
Wingspan Funds
AllianceBernstein L.P.
[p f10, https://www.sec.gov/Archives/edgar/data/1380565/000119312516623667/d207238ds1.htm#tx207238_12, accessed Aug 17 2016]
Group two below owns COMMON VTGDF shares:
BlackRock Advisors LLC
John Hancock Investment Mgt Svcs, LLC
Guggenheim Funds Investment Advisors LLC
BlackRock Investment Management (UK) Ltd.
Rothschild Investment Corp
Davidson & Garrard Inc
Wilshire Micro-Cap ETF
[http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=22.1.VTGDF, accessed Aug 17 2016]
[Reference: Posted this in the Fall 2016]
Via a cursory glance at yesterday's [Nov 3 2016] S-1/A filing...some major news items...all of which I like...(,:
1. Revs are contracted to almost triple to ~$150 million in 2017 relative to 2016. [pg 49]
2. Every major 5% holder of the staple securities have increased their holdings...the smart money has bot more shares since June 10 2016...[pg 89]
3. Anchorage Funds have doubled their holdings over the course of the summer of 2016..they now own over 20% of Vantage Drilling...Major news...[pg 89]
4. Filing reiterated vdi reorganizational value of $1.285 billion of which VDC owns on a fully diluted basis, $90.1 million. [pg F-10]
5. Many pages of the filing mention VDC and the shares VDC owns...it is easy to keep track of our VDC money in these SEC "bank statements"
...I am looking forward to the Q3 and Q4 cc, q/q revs, q/q net income,...numbers will likely be very good...
https://www.sec.gov/Archives/edgar/data/1380565/000119312516759179/d207238ds1a.htm