RE: RE: RE: RE: NEWS - important part i think Point one --- debt......... refer you to the September corporate presentation excerpt where including their revolver total debt was $230 million.
Point two ---- rigs.......they had two from Trinidad, two from HRT and three being refurbished. That adds up to seven. When I spoke to the president two weeks ago, he indicated that the three refurbishments were still under way (so they were at time not even available for contract yet). He also indicated that of the four available (Trinidad and HRT), one Trinidad rigs was re-contracted. Lets do the math.....7-1=6 (not five)
They have 39 rigs available two are our of commission and there are not immediate plans for refurbishment.
so 6/39=15% of rigs looking for a home.
Thanks for your input youtubefan... I always stand (and appreciate) different views...however on this one, I think I am correct.
| Basic Shares Outstanding (1) | 375.2 |
| Share Price ($CDN) (2) | $0.325 |
| Market Capitalization – Basic ($US) (3) | $121.9 |
| Long Term Debt ($US) (4) | $230.0 |
| Cash and working capital ($US) (5) | ($53.9) |
| Enterprise Value ($US) | $298.0 |
| NBV (at June 30, 2012) | $495 |
| NBV/share – Basic ($US) | $1.32 |