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10:09 am
June 20, 2012
OfflineCurrent Daily Chart:
Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with an owned fleet of four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs and two ultra-deepwater drillships, the Platinum Explorer and the Titanium Explorer, as well as an additional ultra-deepwater drillship, the Tungsten Explorer, now under construction. Vantage's primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells. Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others. Through its fleet of seven owned and managed drilling units, Vantage is a provider of offshore contract drilling services globally to major, national and large independent oil and natural gas companies.
10:14 am
June 20, 2012
OfflineVTG broke out to new 52 week highs back in Sept, and since then it's held above that new support/ old resistance mark and consolidated very nicely. The MACD needs to curl back up and turn positive and the RSI needs to start pushing back up too, but I think this is a good time to start keeping an eye on this and staying alert for a potentially big breakout if it manages to take out the 1.95 resistance.
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