UBS Initiates Coverage on Pride (PDE) with a Neutral
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UBS initiates coverage on Pride (NYSE: PDE) with a Neutral.
Pride International, Inc. (Pride) is an offshore drilling contractor operating, as of February 27, 2008, a fleet of 64 rigs, consisting of two deepwater drillships, 12 semisubmersible rigs, 28 jackups, 10 platform rigs, five managed deepwater drilling rigs and seven Eastern Hemisphere-based land drilling rigs.
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