Barclays says recent rig orders and bullish outlooks reinforce its view of a structural shift towards deepwater drilling which will drive demand for oil service equipment suitable for these environments. The firm says the tightness in deepwater is a clear positive for DO, RIG, ESV, SDRL and NBL, which enjoy continued dayrate improvements for almost all rig classes.
Barclays says recent rig orders and bullish outlooks reinforce its view of a structural shift...
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