ENSCO International Inc. (ESV)

[ogbull]

beachman, I think ESV is the big sleeper of all the offshore drillers. Management refused to promote or brag about anything. They just do their job and let the share price take care of itself. I can easily see ESV back to $30 by the end of the year if the Russian and the Saudi's make a deal.

I think crude needs to move up to the high $30's until demand picks up. I'm looking at India as the wild card in demand. Holy smokes, the got almost the same population as China but only 1 car per 15 families. Can you imagine how much oil they will use if the get up 3 cars in 15 families. And, no body talks about Indian. They are smart people and want desperately to enter the 21st Century.

In my opinion, offshore drillers have a long way to run up from here, but we need patience. Anybody that buys ESV under $15 dollars will double their money every year for the next 3-4 years. Crude has one big huge blow out coming and then its bye bye.