Brian Pursley

These Three Deep Sea Drillers Look Like a Bargain

Since petroleum comes from the mantle, deep is the place to be.

Transocean has the lowest multiples and is the leader. RIG owns 7 of the 16 ultra deepwater rigs available to market through the end of 2010. They also have 5 enhanced-Enterprise drillships coming on which will be able to drill in 12,000 feet of water and to 40,000 feet TVD.