Ensco International and Oilsands Quest: Two Diverse Energy Bets [View article]
Lets compare drillers.ESV will have a new deepwater fleet within the next few years.Has some of the best jackups already.DO has 29 or so rigs,but are almost all shallow depths and very old.NE has some new deepwater rigs but has more than half at 20+ years old.RIG has the most,nice deepwater fleet and most are newer,but has a large fleet of old and shallow rigs as well.The 20+ year old rigs cant last forever.
Ensco International and Oilsands Quest: Two Diverse Energy Bets [View article]
ESV will also have a brand new deepwater fleet over the next few years.Alot of the other drillers will just be adding age to their already old fleets.Not really knocking the others,but like ESV the best.These compainies are all too cheap,even DO, with their 20+ p/e.The 20 p/e should be the low mark,not the high.As far as BQI goes,I keep an eye on them but not invested in them as of yet.No paydirt yet.
Ensco International and Oilsands Quest: Two Diverse Energy Bets [View article]
Ensco International and Oilsands Quest: Two Diverse Energy Bets [View article]