Awilco Drilling Plc owns two semi-submersible drill ships that operate in the North Sea. Awilco acquired these ships from Transocean in 2009 and spent the following years completing upgrades on the ships and signing contracts with oil drillers. Now that its fleet is fully utilized, Awilco has announced it will begin paying out all free cash flow to investors. At the current share price, this could represent a yield of over 20% and may lead to substantial appreciation.
Awilco Drilling's Upcoming Double Digit Yield - AWLCF
Awilco Drilling's Upcoming Double Digit Yield…
Awilco Drilling's Upcoming Double Digit Yield - AWLCF
Awilco Drilling Plc owns two semi-submersible drill ships that operate in the North Sea. Awilco acquired these ships from Transocean in 2009 and spent the following years completing upgrades on the ships and signing contracts with oil drillers. Now that its fleet is fully utilized, Awilco has announced it will begin paying out all free cash flow to investors. At the current share price, this could represent a yield of over 20% and may lead to substantial appreciation.