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Mother Lode

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Mother Lode

Re: eastunder post# 3944

Wednesday, 08/02/2023 10:26:01 AM

Wednesday, August 02, 2023 10:26:01 AM

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Well, the conference call transcript has a lot of detail in it that is beyond me. However, I've decided to focus on revenue generation. According to Mark Mey RIG made $748 million in drilling revenue with an average day rate of $367,000.
Earlier in the call J. Thigpen indicated average day rates would increase to $433,000 a 17% increase. So I would expect to see revenue around $882.5 next June. which should impact PE ratios. If not it's time to look at costs to see why and perhaps re-evaluate
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