Vantage Drilling is a very rapidly growing offshore drilling company that is being heavily weighed down by the markets due to perceptions about the risk of its debt. But, it may not be as bad as it appears, and that could offer the potential for high returns.
Volume and sales are down, and chances are the trend will continue. But this is still a cash-printing machine of a business with a laser-sharp focus on shareholder returns. What does that mean for investors?
Total has announced that it will start on its project to develop the massive Kaombo project in Angola. Bringing this field online will significantly increase the company's production in the African nation.