Adam Piekarski - Independence Contract Director

Director

Mr. Adam Piekarski is Director of the Company. Mr. Piekarski is a principal of MSD Partners. MSD Partners is an SECregistered investment advisor formed in 2009 by the senior partners of MSD Capital since 2018.
Age 37
Tenure 6 years
Professional MarksMBA
Phone281 598 1230
Webhttps://www.icdrilling.com
Piekarski received a BS in Electrical Engineering, Biomedical Engineering and Economics from Duke University and a MBA from the Wharton School, University of Pennsylvania.

Independence Contract Management Efficiency

The company has Return on Asset of (0.013) % which means that on every $100 spent on assets, it lost $0.013. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.3199) %, meaning that it generated no profit with money invested by stockholders. Independence Contract's management efficiency ratios could be used to measure how well Independence Contract manages its routine affairs as well as how well it operates its assets and liabilities.
Independence Contract Drilling has 158.08 M in debt with debt to equity (D/E) ratio of 0.59, which is OK given its current industry classification. Independence Contract has a current ratio of 1.02, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Independence to invest in growth at high rates of return.

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Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Independence Contract operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 500 people. Independence Contract Drilling (ICD) is traded on New York Stock Exchange in USA and employs 450 people.

Management Performance

Independence Contract Leadership Team

Elected by the shareholders, the Independence Contract's board of directors comprises two types of representatives: Independence Contract inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Independence. The board's role is to monitor Independence Contract's management team and ensure that shareholders' interests are well served. Independence Contract'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, Independence Contract's outside directors are responsible for providing unbiased perspectives on the board's policies.
Philip Dalrymple, Senior Vice President - Operations
Adam Piekarski, Director
James Minmier, Independent Director
Marc Noel, Vice President of Sales and Marketing
Katherine Kokenes, Chief Accounting Officer, Vice President
Philip Choyce, Chief Financial Officer, Executive Vice President
Stacy Nieuwoudt, Independent Director
Matthew Fitzgerald, Independent Director
Vincent Cebula, Director
Christopher Gleysteen, Director
J Gallegos, President, Chief Executive Officer, Director
Scott Keller, Senior Vice President - Business Development
Daniel McNease, Independent Chairman of the Board
John Gallegos, CEO President

Independence 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 Independence Contract 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.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Other Consideration for investing in Independence Stock

If you are still planning to invest in Independence Contract 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 Independence Contract's history and understand the potential risks before investing.
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