Are Offshore Drillers As Valuable As They Seem?Rupert Hargreaves
Offshore drillers, Diamond Offshore Drilling Inc (NYSE:DO), Transocean LTD (NYSE:RIG), Seadrill Ltd (NYSE:SDRL), Rowan Companies PLC (NYSE:RDC), ENSCO PLC (NYSE:ESV), Atwood Oceanics, Inc. (NYSE:ATW) and Ocean Rig UDW Inc (NASDAQ:ORIG), have not had a good year to date.
The offshore drilling sector is heading into a two year slowdown as oil E&P companies cut spending and an influx . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible