Awilco Drilling (AWDR) - Seeking Alpha article gets everyone a little over excited
Leading Norwegian broker Fearnley Securities who really is an expert in this area has now jumped in commenting that the valuation in now getting frisky and its time for a breather
Fearnley stated that while the UK market is strong and AWDRs operations and cash flow yield solid the current price of NOK 135 is becoming excessive. The dividend yield of 17.5% (it was 20% on Thursday!) reflects the 2 rig risk of the…
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