Power Hedge
Macro, energy, alternative energy, contrarian

Ocean Rig's Modern Fleet Gives It A Competitive Advantage Over Peers

In several recent articles, I have discussed the preference that many oil and gas companies have expressed for modern offshore drillings rigs to use in their respective offshore drilling projects. This gives a competitive advantage to offshore drilling companies that own and operate fleets consisting primarily of modern drilling rigs. One company that fits this description is Ocean Rig (NASDAQ:ORIG), whose fleet is made up primarily of sixth and seventh generation ultra-deepwater drilling rigs with some older (but still relatively modern) fifth generation rigs thrown into the mix for good measure. This article will look at the rigs in the company's fleet and will examine how it compares to the fleets of other companies known for the quality...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details