Lots of M&A activity in the offshore drilling space. Another driller, Diamond Offshore was acquired by Noble Corp. Icon Offshore is still cheap at RM1.12
Imagine this, Noble Corp acquired DO for RM5 billion. Icon Offshore is only 700 M in terms of market cap and has a much higher rig utilisation rate. No-brainer trade
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wallstreetrookieNEW
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Posted by wallstreetrookieNEW > 1 month ago | Report Abuse
Bought more at open