SembMarine: Atwood Oceanics reached an agr with co to delay its option for a 4th rig, originally due to expire by end of the mth, till 31 Dec 2011. Atwood currently has 3 jack-ups under construction and another two remaining options which it has not determined if it will exercise...
Co has won rig orders of US$1.1b YTD as reported in most recent results, significantly less than KepCorp’s US$7.0b SembMarine trades at 15.6x fwd P/E and KepCorp at 14.4x fwd P/E despite higher recent wins.
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