PACD News and Press, Pacific Drilling S.A. From 07/31/20

Transocean ( RIG ) has recently reported its second-quarter results and held its conference call . The company reported revenue of $930 million which was boosted by a legal settlement, and net loss of $497 million which was driven by an asset impairment of $429 million. In the second-quarte...

Pacific Meltem Pacific Drilling ( PACD ) has just released its new fleet status report that contained a number of developments which is surprising since the company has few active rigs. Without further ado, let's look at what happened with Pacific Drilling's fleet: Drillship Pacific ...

Pacific Drilling S.A. (NYSE: PACD) will issue a press release on Thursday, August 6, 2020 announcing its financial results for the second quarter ended June 30, 2020 following market close. The earnings announcement press release will be available on the Company’s website at pacificdr...

Pacific Drilling (NYSE: PACD ) discloses the resignation of Senior VP and CFO James Harris, effective Sept. 14. More news on: Pacific Drilling S.A., Energy stocks news, Read more ...

At the very beginning of June, I published an article titled " Valaris' Restructuring Is Near ". I argued that Valaris ( VAL ) will soon have to file for bankruptcy and raise additional funds to stay afloat which meant that common equity was set to get zero in the upcoming restructuring. At th...

Noble Corp. ( NE ) shares have rallied together with other offshore drilling stocks on optimism about the economic recovery and the extension of current production cuts from OPEC+. Recently, I was wondering whether offshore drilling stocks will have a last rally before filing for bankruptcy li...

Note: Valaris PLC (NYSE: VAL ) has been covered by me previously, so investors should view this as an update to my earlier articles on the company. On Friday, a stunning jobs report and the OPEC+ decision to extend recent production cuts by another month, caused a massive rally in ...

On Thursday, May 7, 2020, ultra-deepwater drilling specialist Pacific Drilling S.A. ( PACD ) announced its first quarter 2020 earnings results. At first glance, these results were fairly impressive as the company beat the expectations of its analysts in terms of both top-line revenues and bo...

This article is part of a series that provides an ongoing analysis of the changes made to David Abrams’ 13F portfolio on a quarterly basis. It is based on Abrams’ regulatory 13F Form filed on 05/14/2020. Please visit our Tracking David Abrams’ Abrams Capital Management ...

Note: I have previously covered Pacific Drilling (NYSE: PACD ), so investors should view this as an update to my earlier articles on the company. Earlier this month junior offshore driller Pacific Drilling reported Q1/2020 results and provided an updated fleet status report ...