Pacific Drilling: Recent Jump Is A Dead Cat Bounce (NYSE:PACD)

Pacific Drilling ( There’s little that Pacific Drilling can do in the current environment. Contracts remain very scarce in the drillship space, and the activity is expected to pick up

Seadrill: Wipeout Coming Soon (OTCMKTS:SDRLF)

Seadrill (SDRL) has just provided its second-quarter report which confirmed the obvious - the company is ready for its second restructuring. Let’s start with the main announcement from Seadrill: “We

Valaris: Here’s The Wipeout (NYSE:VAL)

Valaris ( Source: Valaris 2Q 2020 report Valaris’ plan is to equitize its debt and wipe out the common equity, while relying on the $500 million of DIP financing during