Prosafe SE ADR

• Big Dividend Hiding in Deepwater

  By j.a. graham - September 15, 2012 | Tickers: COP, PRSEY.PK, RIG

  Prosafe (NASDAQOTH: PRSEY.PK) currently owns 11 of 18 semi-submersible accommodation rigs  (floatels) after divesting their one accommodation jack-up. They will take delivery of a new harsh environment semi-sub be delivered in the second quarter of 2014. That will increase the worldwide fleet of harsh water semi-subs to 8 (Floatel will add one more to its fleet in 2014). It’s a small market and even with only 18 semi-subs more »