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Wednesday, November 02, 2016 11:04:28 AM
Last report http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11228667
Quote https://finance.yahoo.com/quote/PACD/?p=PACD
Quick look gives the impression that we should have no weirdness out of the drillship owners or debt holders. appears to be a Transocean partnership (at arms length). Tough debt structure, but probably not unusual for the industry. I'm sure this year won't look as good for them as last, but all companies have tough years right?
We're set up for a 225K day rate on a vessel that was contracted at 615K 2 yrs ago so if they are comfortable with that, I am too.
JMHO
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