NorAm Drilling – No Debt, 21% Div. Yield, Monthly Dividends
NorAm Drilling, US based onshore rig company, reported its numbers today.
- Rig fleet utilization came in strong at 99.3%
- Cash position ahead of estimates, implying higher dividend potential
- Company trades at an annualized dividend yield of 21%. Dividends paid monthly
Comments on the Q4 from Fearnley, Pareto and Arctic
https://fitinvestmentideas.com/2023/02/21/noram-drilling-no-debt-21-div-yield-monthly-dividends/
- Rig fleet utilization came in strong at 99.3%
- Cash position ahead of estimates, implying higher dividend potential
- Company trades at an annualized dividend yield of 21%. Dividends paid monthly
Comments on the Q4 from Fearnley, Pareto and Arctic
https://fitinvestmentideas.com/2023/02/21/noram-drilling-no-debt-21-div-yield-monthly-dividends/
Massimo
10.04.2024 kl 18:41
2288
Ser lovende ut i siste rapport
Nytt utbytte i april, rigg nummer 10 går på jobb neste uke
siste og nummer 11 jobbes det med og få i arbeid
Med alle sine 11 rigger i Permian, skiferoljens HotSpot i USA, ser det meget bra ut slik jeg ser fremtiden der
https://newsweb.oslobors.no/message/615527
Svak vekst i amerikansk skiferoljeproduksjon gjør at 85 til 95 dollar pr. fat fort blir den nye normalen.
xDet må borres MYE i Permian !!!
"Det fordufter nå 645.000 fat/dag/måned i såkalt legacy loss (tap i eksisterende produksjon).
Det tilsvarer 1/3 av Norges oljeproduksjon hver måned. Dette må erstattes med ny,
frisk skiferoljeproduksjon for at den totale produksjonen ikke skal falle.
Disse faktorene er til sammen årsaken til at EIA predikerer en mye lavere vekst frem til Q4-2024."
https://www.finansavisen.no/finans/2024/04/10/8112913/svak-vekst-i-amerikansk-skiferoljeproduksjon-gjor-at-85-til-95-dollar-pr.-fat-fort-blir-den-nye-normalen?internal_source=sistenytt
alph
10.04.2024 kl 23:17
2108
Det er bekymringsfullt at de åpenbart må selge seg billig for å sysselsette riggene. Ned fra 26400 til 25700 usd/d på aktive rigger, og backloggen har en dagrate på gjennomsnittlig 25000, ned fra 26700. Altså har de solgt inn varme rigger til "gi bort pris".
Gitt at konkurrenter opererer med rater over 30000 usd/d, og Noram hevder de har de beste og mest effektive "state of the art" riggene, så er det urovekkende.
Gitt at konkurrenter opererer med rater over 30000 usd/d, og Noram hevder de har de beste og mest effektive "state of the art" riggene, så er det urovekkende.
Massimo
11.04.2024 kl 12:36
1923
Tror du er ganske alene ang bekymringer :-)
Estimatene blir revidert opp
Må se fremover, ikke bakover!
Massimo
11.04.2024 kl 13:10
1874
Det er i dag få muligheter til å nå dette forbruket / etterspørselen!!
Global oil demand to grow to 108 MMbpd by 2030 despite “peak oil” outlook
Det må borres og borres, letes igjen og igjen
https://www.worldoil.com/news/2024/4/9/global-oil-demand-to-grow-to-108-mmbpd-by-2030-despite-peak-oil-outlook-enverus-reports/
Sia
10.06.2024 kl 16:41
968
NORAM DRILLING AS - Ny nyhet i kategori ALL 10.06.2024 16:35
10.06.2024 16:35:05: NorAm Drilling AS - Monthly rig update and key information relating to the cash distribution for June 2024
Oslo, Norway, June 10, 2024
Commercial update:
In May 2024, the Company's 11 drilling rigs achieved an average operating day
rate of approximately USD 25,600 and rig utilization was 83%.
As of June 10, 2024, approximately 90% of available rig days in June are
contracted at an average operating day rate of approximately USD 25,600. The
contracted backlog beyond June is approximately USD 16.0 million with an average
daily operating rate of approximately USD 25,200.
Currently 10 of 11 rigs are contracted and working. We will continue to keep the
remaining idle rig warm and expect activity to pick up later in 2024.
Cash distribution:
The Board of Directors today approved a monthly cash distribution of
approximately USD 1.7 million for June 2024. The distribution will be made from
the Company's Contributed Surplus account which consists of previously paid in
share premium transferred from the Company's Share Premium account.
Key information:
Distribution amount: USD 0.04 per share
Declared currency: US$. Payment to shares registered with Euronext VPS will be
distributed in NOK
Date of approval: June 10, 2024
Last day including right: June 13, 2024
Ex-date: June 14, 2024
Record date: June 17, 2024
Payment date: On or about June 21, 2024
For further queries, please contact:
Marius Furuly, Director of IR and Strategy
Tel: +47 90626191
About NorAm Drilling
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs
upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is
the largest oil producing region in North America. NorAm Drilling is debt free
and has industry leading operating margins. The Company has a full pay-out
dividend strategy, targeting frequent cash distributions in a profitable market.
www.noramdrilling.com
https://newsweb.oslobors.no/message/621108
macland
15.06.2024 kl 00:52
720
Tok mine første kjøp her i dag som min andre hedgeaksje. Tenker utbytte reduserer tap om det fortsetter sånn ved et eventuellt crasch. Farlig å foregripe noe som helst,men om det skulle snu her så vil jeg følge muligheten for en ohs. Men alt for tidlig å si ennå da den må snu i dette området rundt atl.