Sophisse

These Three Deep Sea Drillers Look Like a Bargain

The way I see it, these drilling companies will do well regardless of whether oil rises more or falls - as long as it doesn't collapse due to some economic meltdown, which I think highly unlikely. (Note that I said economic meltdown, not market meltdown.)

I don't think their results will vary that much depending on oil price - they don't really get a cut (do they?). At anything close to today's oil price, their services are gonna be at max demand and they'll be building capacity and hiring workers as fast as they can. There's a limit to how fast they can expand.

So that's why I like them - they won't float with the oil price, either up or down - they're solid.

But I'm no expert, someone correct me heh.