Transocean (RIG) is a good bet on rising oil


	Transocean (RIG) is a good bet on rising oil

jasonkelly

6-6-2009 3:04 AM

111 views

tags:

investing, oil

jasonkelly says:

My own research shows that drillers are among the best ways to profit from rising oil prices, deepwater drillers the best among those, and Transocean one of the best among those.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/038f005f-5612-4963-b3d0-51c8f8e2b14a/7F211B4D-37FA-4FA2-B8A4-EAA3C9A5C25D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://money.cnn.com/2009/06/05/pf/another_way_to_profit_oil_rebound.fortune/index.htm" href="http://money.cnn.com/2009/06/05/pf/another_way_to_profit_oil_rebound.fortune/index.htm" style="font-size: 11px;">money.cnn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2009/06/05/pf/another_way_to_profit_oil_rebound.fortune/index.htm">MacKenzie likes Transocean (<A href="http://money.cnn.com/quote/quote.html?symb=RIG&source=story_quote_link">RIG</A>). "A much bigger percentage of Transocean's fleet consists of ultra-modern rigs compared to Diamond Offshore (<A href="http://money.cnn.com/quote/quote.html?symb=DO&source=story_quote_link">DO</A>)," he says. Transocean spent $2.2 billion on upgrades last year, nearly double the year before -- a move that looks prudent now that its high-tech rigs are in demand.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://money.cnn.com/2009/06/05/pf/another_way_to_profit_oil_rebound.fortune/index.htm"><P>Among drillers, there are companies that work primarily on land, as well as ones that drill in shallow, mid, and deep water.</P><P>Right now, most managers prefer deepwater drillers because of their visible backlog and earnings growth potential. "All of the incoming demand now is for advanced, deepwater rigs," says Robert Stimpson, a portfolio manager at Akron-based Oak Associates.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7F211B4D-37FA-4FA2-B8A4-EAA3C9A5C25D/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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