Savvas Georghiades - Ocean Rig Director

Director

Mr. Savvas Georghiades has served as Member of the Board of Directors of Ocean Rig UDW Inc. since December 2010. Mr. Georghiades was a practicing lawyer in Cyprus since 1976. He is a graduate of the Aristotle University in Thessaloniki Greece. since 2010.
Age 63
Tenure 14 years
Phone345-327-9232
Webhttp://www.ocean-rig.com

Ocean Rig Management Efficiency

The company has return on total asset (ROA) of 3.37 % which means that it generated a profit of $3.37 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on stockholder's equity (ROE) of 3.86 %, meaning that it created $3.86 on every $100 dollars invested by stockholders. Ocean Rig's management efficiency ratios could be used to measure how well Ocean Rig manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 350 M in liabilities with Debt to Equity (D/E) ratio of 15.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ocean Rig UDW has a current ratio of 12.56, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Ocean Rig until it has trouble settling it off, either with new capital or with free cash flow. So, Ocean Rig's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ocean Rig UDW sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ocean to invest in growth at high rates of return. When we think about Ocean Rig's use of debt, we should always consider it together with cash and equity.

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Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling worldwide. It serves oil companies, integrated oil and gas companies, state-owned national oil companies, and independent oil and gas companies. Ocean Rig operates under Oil Gas Drilling classification in USA and is traded on BATS Exchange. It employs 1160 people. Ocean Rig UDW (ORIG) is traded on NASDAQ Exchange in USA and employs 1,160 people.

Management Performance

Ocean Rig UDW Leadership Team

Elected by the shareholders, the Ocean Rig's board of directors comprises two types of representatives: Ocean Rig inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ocean. The board's role is to monitor Ocean Rig's management team and ensure that shareholders' interests are well served. Ocean Rig's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ocean Rig's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Liveris, Director
Savvas Georghiades, Director
Anthony Kandylidis, Executive VP
Gilles Bocabarteille, COO
Solan Drakoulis, Vice President - Accounting
Prokopios Tsirigakis, Director
Kyros Melas, Director
George Economou, Chairman, CEO and Pres
Nikolaos Bornozis, Director of Investor Relations, IR Contact Officer

Ocean Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ocean Rig a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in Ocean Stock

If you are still planning to invest in Ocean Rig UDW check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ocean Rig's history and understand the potential risks before investing.
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