Replies to post #106406 on $Stock*Shop*Charts*News*Option$

[xanadu90]

Offshore drilling - strong sector it is. Read this:

"Pride Intl to build $680 mln ultra-deepwater rig
Fri Jul 6, 2007 4:45PM EDT

July 6 (Reuters) - Pride International Inc. (PDE.N: Quote $38.50, Profile, Research) said it will construct an ultra-deepwater rig with expected fixed-price project cost of about $680 million.[|b]

The rig will be constructed by Samsung Heavy Industries Co. Ltd. (010140.KS: Quote, Profile, Research) and is expected to be delivered from the shipyard in the third quarter of 2010, the drilling contractor said in a statement.

The new rig will be capable of drilling in water depths of up to 12,000 feet, with a total vertical drilling depth of up to 40,000 feet, Pride said. (Reporting by Jennifer Robin Raj in Bangalore)"
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SDRLF got its ultra-deepwater rig delivered this year. Price tag $120 million (when it was ordered in 2004).

There's a screaming need for rigs.

[xanadu90]

Stock Lobster. Here are some offshore drilling stocks for a watch list. I hope you can use the ticker symbols for your list (or do you need the company names?? I do not know the system how you put up the lists).

ATW BHI CAM CBI DO ESV FTI GRP GSF GW HAL HP NBR NE PDC PDE PTEN RDC RIG SDRLF.PK SII SLB TDW THE WIN WFT

PTEN, PDC and NBR do mostly onshore drilling.

Some of these are mainly oil service and drilling equipment companies (CBI, FTI, SII, SLB, WIN).

SDRLF.PK ($22.45) belongs to Frontline conglomerate, owns both deep water semisubmersibles and jack-ups, and is growing very aggressively. Heavily traded in Oslo, but low volumes in USA. I think people simply do not know about this relatively new offshore driller. There are several drilling companies in Norway.



All very profitable companies and good long term (retirement) stocks : ).

^OSX is the Oil Service Sector Index and OIH is an ETF for Oil Service Holders - good to follow daily.