Ocean Rig: The Bull and Bear Case

The oil & gas equipment sector has been out of favor with investors this year, which now leaves some of the sectors biggest names and key players in the global oil market, such as National-Oilwell Varco, Inc. (NYSE:NOV), trading at historically low valuations. Value in the sector is easy to find and there are several drillers are currently trading at a discount to the value of their fleets. Ocean Rig earnings Ocean Rig UDW Inc (NASDAQ:ORIG) is a drilling contractor specializing in ultra-deep-water and harsh environment drilling. According to the firm’s most recent quarterly report, the company had $6.2 billion in…