Power Hedge
Macro, energy, alternative energy, contrarian

Ocean Rig: Offers Strong Growth Prospects And Low Debt

Ultra-deepwater drilling specialist Ocean Rig (NASDAQ:ORIG) has a lot to offer for an investor looking for a pure play on the sector. The company owns and manages a modern fleet of ten ultra-deepwater drilling rigs. Of these ten, six are currently operating and four are under construction. These rigs that are under construction provide the company with significant growth potential that will be discussed later. The company's fleet is made up of two harsh-environment semisubmersibles and eight drillships.

(click to enlarge)

Source: Ocean Rig

In a few of my recent articles about Pacific Drilling (NYSE:PACD) such as "Ultra-Deepwater Investors Should Prefer Younger Fleets" and "Pacific Drilling: A High-Potential, Young Offshore Drilling Company,"...

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