North Atlantic Drilling a high yield play on Arctic Energy

Whirly lollipop on orange background.

This ~$125M deal is expected to price as soon as tonight, January 28th. North Atlantic Drilling (NADL) is one of the top names in offshore drilling rigs, especially in climates that are especially harsh.

The company is well positioned and there is a long-term growth story based on expanding opportunities in Russia and the Arctic.

NADL will have a $2.4B market capitalization and has tended to provide a fairly high yield (10%). Based on the trends in earnings for . . .

Want the rest of the article?

Please login or join us as a member to view our complete content!