AWLCF - Will Awilco Buy The Second Newbuild Rig?
Awilco (AWLCF) has recently provided its Q4 earnings report and held a conference call. This is a very interesting company to follow, as it has just 1 working rig (and 1 cold-stacked rig), but also has a newbuild project, which is the main value proposition. We’ll first look at the company’s actual results and then evaluate the current status of the newbuild program.
The fourth quarter of 2018 was much better than the third quarter financially because the semi-sub WilPhoenix worked a full quarter. The company scored revenue of $10.2 million and