Zacks
Our continued positive view of Pride shares reflects the company s attractive valuation and underappreciated deepwater drilling leverage. Last year s divestitures have transformed Pride into a pure-play offshore driller with a growing deepwater presence and a roughly $8 billion worth of backlog We believe that greater appreciation of the company s deepwater leverage will aid valuation. We are keeping our 2008 EPS estimate unchanged, but raising our 2009 estimate to $4.22 from $4.02 to reflect an improved dayrate outlook.
Visit also:
about me at marketocracy ...
my funds ...
invest all way through blog
$35.5 (03/06/08)
