Parker Drilling Company (NYSE:PKD) is looking for acquisition opportunities. Gary Rich, Chairman, President and Chief Executive Officer of Parker Drilling, concluded, "We also successfully completed a $75 million concurrent equity offering during the first quarter. We believe the offering makes us a stronger company by allowing us to be more aggressive in the recovery; giving us greater flexibility to invest in growth opportunities, pursue strategic acquisitions, and fund the working capital needed to support growth. We are encouraged by the positive signals we are seeing across all our business lines and we believe we are well positioned to capitalize on these to drive improving financial performance."