HERO $7.17 beat estimates on revs and net income today but so far hasn't moved. I just read through the CC and this comment struck me as sounding very positive and bullish for them going forward:
"The Aramco extensions, along with the continued strength in the Gulf of Mexico, have pushed our revenue backlog to an all-time high of just over $1 billion, an increase of more than 50% since the end of the second quarter. We expect our revenue backlog to further expand as we have a number of contract extensions under discussion for several of our domestic rigs, as well as new contracts that we expect on a Super A class rigs."
I think this company will draw positive attention over the coming weeks, but I admit to being surprised and disappointed in the lack of a move up today, but in no hurry to sell...tuna
