C.K. Cooper & Co Initiates Coverage of Pride International
C. K. Cooper & Co has initiated coverage of Pride International Inc.
"Pride International has completed its four years of restructuring last quarter with the tax free spinoff of its mat jackup fleet," said Lewis Kreps, Senior Research Analyst with C. K. Cooper & Company. "Currently building four deepwater drillships with deliveries over the next three years, the company should be the purest deepwater driller by 2012 and with $7.8 billion in backlog, we believe the company is an excellent choice for the energy investor."