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 . . .
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