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(Potential Takeover Target) MODU Pacific Drilling Draws Interest as Target: Bloomberg Business
I launched a discussion on this a month ago when Hercules filed for Bankruptcy.
Pacific "PACD" is currently at $2.55
It seems to further my thoughts that sometime this year I see acquisitions of smaller drilling companies by larger companies. With the glut of rigs, it makes no sense to continue building them and add to the oversupply but simply purchase other companies with a modern fleet and contracts and assume their work.
Personally, I see Transocean "RIG" making the first buy during this downturn.
  1. They have a large line of untapped credit.
  2. The Macondo Settlement is closed and they were fined no where near what they expected.
  3. Due to Macondo they didn't build rigs without contracts so their glut is with their existing fleet.
  4. They've retired half of their fleet, from 120 rigs down to 65 in the fleet at the moment, and still not finished. This has brought their average age up to 10-15 yrs of rig age.
Now here's where the big points come into play.
  1. Transocean has been built on Mergers and buyouts. Ex: Aker, Global Santa Fe, R&B Falcon, Sedco, Forex.....
  2. The new CEO is from NOV "NOV $44.16" which is a company built on aggressive takeovers and mergers of other companies.
Right now, I don't see any big mergers between the giants, but more so a slaughterhouse amongst all the smaller players who own 3-5 newer rigs and don't have the capitol to maintain them.
Maersk "MAERSKB" is another rumored favorite for doing takeovers. Ocean Rig "ORIG $4.71" on the other hand seems prime to be bought out.
Only time will tell.
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Company. SEDCO Holding is a leading Saudi institution focused on driving prosperity for generations to come. Know more. Vision, Mission, Values; Organizational Chart; 44 Years of Success; Prudent Ethical Investing; Corporate Governance; Businesses Partner with us Know More. Businesses SEDCO is proudly a Saudi company with investments spanning the world’s most exciting markets in sectors ... Company profile page for Sedco Forex Offshore including stock price, company news, press releases, executives, board members, and contact information Sedco Forex Corporation is a Delaware Corporation filed on August 25, 1999. The company's File Number is listed as 3089106. The Registered Agent on file for this company is The Corporation Trust Company and is located at Corporation Trust Center 1209 Orange St, Wilmington, DE 19801. Sedco Forex Inc 87 Follower auf LinkedIn Sedco Forex Inc is an oil & energy company based out of 462 S 4Th St, Louisville, KY, United States. Company profile page for Sedco Forex International Inc including stock price, company news, press releases, executives, board members, and contact information SEDCO FOREX INTERNATIONAL INC. 31 Follower auf LinkedIn SEDCO FOREX INTERNATIONAL INC. is a machinery company based out of 220 St Georges Tce, Perth, Western Australia, Australia. Find company research, competitor information, contact details & financial data for SEDCO FOREX INTERNATIONAL INC. of Perth, WESTERN AUSTRALIA. Get the latest business insights from Dun & Bradstreet.

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OSHA Safety Training 2017 - YouTube

Old video footage of a tour through the Dowell Schlumberger facilities in Islamabad, Pakistan. The office, the workshops and the yard is shown while a rig visit to Sedco Forex Rig 15 is also shown. Built by Sopris Apps, a Carbondale company and creator of the Kiosk solution in collaboration with Carbondale Arts and the Chamber. #OSHA #oshatraining #oshaguidelines Safety in the workplace is important for all employees. OSHA, the Occupational Safety and Health Administration, is a fed... Bank Sumsel Babel memberikan kemudahan kapanpun dimanapun bagi Anda dengan DIGITAL BANKING BANK SUMSEL BABEL meliputi: - BSB CASH - MOBILE BANKING BANK SUMSE... For tutoring please call 856.777.0840 I am a registered nurse who helps nursing students pass their NCLEX. I have been a nurse since 1997. I have worked in a... Animation of deepwater drilling