State of the Industry
Joined: Jun 2005
Posts: 491
Likes: 21
From: nowhere special
SLB, thanks. My question was aimed more at is this expansion people required or are they replacing people on contract. Seems like it might be new work although not sure if Kosmos awarded Suriname yet.
No discussion here yet on BRS's appalling results? Loss of $41m in the quarter and revenue miss on analyst expectation:
Bristow Investors ? SEC Filings ? BRS ? bristowgroup.com
Having spent 18 months kicking CHC, shall we now spend some time kicking BRS as well?
Good job we didn't all bet on the Seeking Alpha article (I hope we all didn't) as the $8 stock never happened yesterday but earnings call with the BRS leadership team today. Dial in if you can, could be super interesting and if you do, keep the stock price ticker open next to you, or a spread betting site (live not delayed info).
I wonder how long it will take for the first analyst to ask about the huge declared margin for UK SAR for the full financial year - expectation for full year is $80-100m profit on $225m of revenue which seems like a lot. I expect the British Government might have something to say about that...! (It's almost $10k per ac per day).
No discussion here yet on BRS's appalling results? Loss of $41m in the quarter and revenue miss on analyst expectation:
Bristow Investors ? SEC Filings ? BRS ? bristowgroup.com
Having spent 18 months kicking CHC, shall we now spend some time kicking BRS as well?
Good job we didn't all bet on the Seeking Alpha article (I hope we all didn't) as the $8 stock never happened yesterday but earnings call with the BRS leadership team today. Dial in if you can, could be super interesting and if you do, keep the stock price ticker open next to you, or a spread betting site (live not delayed info).
I wonder how long it will take for the first analyst to ask about the huge declared margin for UK SAR for the full financial year - expectation for full year is $80-100m profit on $225m of revenue which seems like a lot. I expect the British Government might have something to say about that...! (It's almost $10k per ac per day).
Joined: Oct 1999
Aviation Qualifications: ATPL
Posts: 7,371
Likes: 926
From: Den Haag
Not all doom and gloom, it would appear:
News - Full Story | TickerTech.com
News - Full Story | TickerTech.com
Joined: Dec 2007
Posts: 2,205
Likes: 276
From: GMT
Thanks for posting some positive news 212.
With CHC expected to exit Chapter 11 in the coming months, it looks like the industry is undergoing a much needed rebalancing. Positive results from HNZ and other providers undergoing restructuring should deliver much needed change.
Some will continue to tread an old path though I fear.
With CHC expected to exit Chapter 11 in the coming months, it looks like the industry is undergoing a much needed rebalancing. Positive results from HNZ and other providers undergoing restructuring should deliver much needed change.
Some will continue to tread an old path though I fear.
Joined: Jun 2014
Aviation Qualifications: Spotter
Posts: 3,896
Likes: 86
From: Netherlands
ERA keeps running business
ERA has managed to renew the contract with BSEE:
24 Exclusive Aircraft
5 on call
Of course the article says nothing about if reduced rates are applied.
Era Group enters new five-year deal with BSEE | Offshore Energy Today
SLB
24 Exclusive Aircraft
5 on call
Of course the article says nothing about if reduced rates are applied.
Era Group enters new five-year deal with BSEE | Offshore Energy Today
SLB
Thread Starter
Joined: Oct 2002
Posts: 236
Likes: 4
From: All over the place
Unfortunately, Erickson has filed for Chapter 11 protection today.
Erickson Incorporated Files Chapter 11 Nasdaq
AC
Erickson Incorporated Files Chapter 11 Nasdaq
AC
Thread Starter
Joined: Oct 2002
Posts: 236
Likes: 4
From: All over the place
Both Erickson and CHC filed for Bankruptcy protection in the same Court, with the same Judge supervising both actions. She will be quite an expert on the Helicopter business by the time this process is completed - perhaps more so, than the individuals that led them into this situation.
Joined: Oct 1999
Aviation Qualifications: ATPL
Posts: 7,371
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From: Den Haag
PHI Just filed their Q3 10-Q: http://www.phihelico.com/docs/Invest...03rd%2010Q.pdf
Joined: Oct 1999
Aviation Qualifications: ATPL
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From: Den Haag
Joined: Jun 2014
Aviation Qualifications: Spotter
Posts: 3,896
Likes: 86
From: Netherlands
Mos is right,
If you look at the Rigfleet utilisation overviews of some Drilling companies you see "undisclosed customer" and "undisclosed rate" quite often.
The "undisclosed rate" appears more often lately which is (to me) an indication these rates are probably much lower as market average.
SLB
If you look at the Rigfleet utilisation overviews of some Drilling companies you see "undisclosed customer" and "undisclosed rate" quite often.
The "undisclosed rate" appears more often lately which is (to me) an indication these rates are probably much lower as market average.
SLB
Joined: Apr 2003
Posts: 481
Likes: 58
From: USA
Most oil and gas companies don't worry about publicity. Some even have contract conditions which don't allow a helicopter operator to make media announcements about their mutual business.
But I did hear a rumor the other day about PHI together with HNZ moving some aircraft into Australia for a contract.
But I did hear a rumor the other day about PHI together with HNZ moving some aircraft into Australia for a contract.
Joined: Jun 2005
Posts: 491
Likes: 21
From: nowhere special
Tullow aren't one of them. They wanted the world to know that TEN was online.
I see BRS are finding ways to generate the cash they are burning quickly:
Bristow Investors ? News Release ? BRS ? bristowgroup.com
They did announce they were looking at it, but this is a slippery slope as we've all seen.
The Inpex work HNZ and PHI are looking at it ex BRS work right? Interesting...
I see BRS are finding ways to generate the cash they are burning quickly:
Bristow Investors ? News Release ? BRS ? bristowgroup.com
They did announce they were looking at it, but this is a slippery slope as we've all seen.
The Inpex work HNZ and PHI are looking at it ex BRS work right? Interesting...
Joined: Jun 2005
Posts: 491
Likes: 21
From: nowhere special
TM - according to the recent S92 thread, now BRS have lost some work in Oz to the PHI / HNZ consortium. Just a SAR ac perhaps as Havick says?
http://www.pprune.org/rotorheads/587...go-flying.html
http://www.pprune.org/rotorheads/587...go-flying.html
Joined: Jun 2005
Posts: 491
Likes: 21
From: nowhere special
Interesting.
So BRS Australia lose a flagship contract.
After losing loads of money.
And financing a load of ac.
But management say everything is fine (they paid a dividend again!)...
It's all a bit "CHC Lite" isn't it?
So BRS Australia lose a flagship contract.
After losing loads of money.
And financing a load of ac.
But management say everything is fine (they paid a dividend again!)...
It's all a bit "CHC Lite" isn't it?