NADL NO/ NADTF

Energy


Highlights

North Atlantic Drilling (NADL) is a niche offshore drill rig owner/ operator. Only ~50 of the ~800 rigs in operation are rated to operate in harsh environments (i.e., the North Sea/ Arctic Circle), and of the 24 “young” (less than 24 years old) rigs in this category, NADL owns eight and is expecting delivery of two more over the next two years. At present levels (NOK 57/ USD $9.50), the presenter likes the risk/ reward and believes patient investors could see 50% upside with NADL, which includes collecting a ~9% yield over the next two-to-three years.

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Idea Discussion

Commentor 1 - 2 weeks ago

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