Seeking Alpha

Barclays says recent rig orders and bullish outlooks reinforce its view of a structural shift...

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.
Comments (3)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    asand deepwater is the most expensive and the most dangerous.....soooooo.... and gas is going up
    21 Aug 2012, 03:45 PM Reply Like
  • neobliviscar
    , contributor
    Comments (163) | Send Message
     
    Barclays bakayaro

     

    Sure... where were they when we were getting face stuffed with ESV, RIG, and DO about 45 days ago? I had several million of those positions and they were calling for it to sink further. Now +25% to +30% higher they are calling for it to go up further? Oh, but little more than a month later suddenly it is different with the massive rigs? Gah....
    21 Aug 2012, 03:59 PM Reply Like
  • The Autonomous Guy #23
    , contributor
    Comments (209) | Send Message
     
    GRRR.....Just waiting to see if the latest big Hurricane brewing,

     

    will hit the Gulf Coast....and if it does....what kind of disruption it will

     

    cause. So much for deep well drilling...Risk...Reward
    22 Aug 2012, 07:13 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector