Vantage Drilling Company, an offshore drilling contractor, provides drilling services internationally with a focus on deep water and other high-specification drilling solutions. The company has built one the most experienced and dynamic teams in the industry with an unsurpassed safety program, premier offshore drilling performance, and a track record of exceptional results.

The International Energy Agency (IEA) recently revised its figure for global oil demand upward, now forecasting that oil demand will reach an average of 86.60 million bpd this year, a new record high. As in-land oil fields are continually depleted and demand rises in emerging economies, oil producers will be forced to find new locations and methods to extract oil.

In most recent news, Vantage reported its financial results for the fourth quarter of 2009. Although the company reported a net loss of $4.3 million, or $0.02 a share, it was a dramatic improvement over the previous year’s report of a $43.5 million loss, or $0.57 a share. For the whole year, Vantage reported net income of $8.8 million, or $0.07 per share, as compared to a net loss of $47.4 million, or $0.78 per share, in 2008.

Analysts are very supportive of the company with three analysts rating the stock a “Buy” and two analysts rating it a “Strong Buy.” Average current estimates are that Vantage will generate revenues of approximately $222 million this year and $303 million in 2011. Earnings per share on the other hand vary greatly by opinion from -$0.06 to $0.20 for the current year and $0.14 to $0.34 next year.