Author Topic: AWLCF - Awilco Drilling  (Read 178775 times)

DooDiligence

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Re: AWLCF - Awilco Drilling
« Reply #540 on: April 25, 2018, 05:25:10 AM »
« Last Edit: April 25, 2018, 05:27:38 AM by DooDiligence »
abc 2.6 | abev 1.6 | aapl 0.9 | bbh 3.3 | brk.b 9.4 | chtr 4.2 | cvs 5.7 | dva 5.5 | dis 4.1 | ew 2.1 | gpc 2.8 | mo 6.1 | nvo 5.1 | sftby 2.3 | vde 4.2

(%'s held @ cost, PV allos are slightly 2 significantly higher. includes a slowly dwindling cash pile.)

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DTEJD1997

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Re: AWLCF - Awilco Drilling
« Reply #541 on: May 18, 2018, 08:39:49 AM »
Hey all:

AWLCF signed a contract with Shell oil the other day for the WilPhoenix to do work on 18 wells. Management thinks the contract will last about 330 days and will be about $39MM.

Obviously this is at a much lower rate than previous contracts...but it is good to be bringing in some revenue.

Now if they can just get the other rig out & producing income, they will be on their way.

With oil at $80+ per barrel, I would think they have a chance.

Gamecock-YT

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Re: AWLCF - Awilco Drilling
« Reply #542 on: May 18, 2018, 09:10:43 AM »
I think it is more likely it gets scrapped or sold. I think they said it basically cost $1MM per year to be cold stacked so not exactly a big opportunity cost to just let it sit.