« Sonardyne takes first drillship order for DP Inertial Navigation system | Main | Technip brought in for Dalian Developer plan »
Wednesday
Jan182012
DateWed, January 18, 2012

Vantage, An Oil Drilling Stock Poised To Double In 2012

Financially, the company is making impressive progress, and revenues have surged in 2011, as new equipment and contracts came into play. This has allowed the company to greatly narrow losses, and Vantage is now close to earning profits. Improving dayrates should have a further positive impact on the results in 2012. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) nearly doubled in 2011 when compared with 2010 results.

Read Full Article - SeekingAlpha.com

| tagged ,

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.