Rowan Companies Producing the Right Type of Ships – ValueWalk Premium
Rowan offshore drilling

Rowan Companies Producing the Right Type of Ships

A great sector for value investors right now is the oil and gas equipment and drilling sector. Surprisingly, despite being relatively defensive, the sector is trading at a valuation that is significantly below that of the S&P 500 and its own historic valuation.

That said, a valid concern of investors is that the industry has a limited life span as one day we will run out of both oil and gas. However . . .

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