Deutsche Bank initiates Ocean Rig UDW (ORIG -1.7%) at Buy with a $22 price target, believing...

|About: Ocean Rig UDW Inc. (ORIG)|By:, SA News Editor

Deutsche Bank initiates Ocean Rig UDW (ORIG -1.7%) at Buy with a $22 price target, believing ORIG is well positioned to benefit from rising deepwater day rates and limited near-term supply growth. With a fleet of six high quality rigs and an additional three new builds slated for 2013, the firm says ORIG has one of the youngest and most targeted fleets in the industry.