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xanadu90

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xanadu90

Re: Stock Lobster post# 253184

Monday, 02/25/2008 8:35:15 AM

Monday, February 25, 2008 8:35:15 AM

Post# of 648882
Good morning SL. Oilfield services and deep water drillers have done well recently. Long contracts with oil companies show that big oil does not believe in rapid changes in energy markets, and they are not giving up their targets of new discoveries. Shippigyards and their supply contractors building new rigs are fully booked for several years. A new rig ordered now will cost over $500 mil, when 2-3 years ago the price was $120-180 mill.

DEEP $4.30 and DPDW $0.49 (!!) should do really well in this sector.

Seadrill (SDRLF.PK $23.75) will release its 4Q results on Wednesday Feb 27.

Anybody interested in this sector please read the transcript of Transocean's (RIG $137.96) conference call (available on their website). Usefull and informative information about the whole industry.
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