OB:ODLEnergy Services
Odfjell Drilling (OB:ODL) Stock Shrugs Off Rig Hit As Margins Hold
Odfjell Drilling stock closed at NOK91.9 on Wednesday, only modestly higher over the past week and quarter, which signals a fairly calm reaction to Q2. That is striking, given the company just put out a quarter shaped by a serious rig incident and a very strong margin story. Group EBITDA of US$162m on US$251m of revenue and an owned fleet margin around 72% show why long term investors are focusing less on the one off shock and more on the multi year cash generation potential.
Impressed by...