Tarun

Houston to Obama: Smell the Oil

There's no competition in the drilling space? Are you retarded? Let's list a few drillers and their market caps, shall we?
- Transocean (RIG): 42.77B
- Diamond Offshore Drilling (DO): 16.64B
- Noble (NE): 13.53B
- Nabors (NBR): 9.64B
- Pride International (PDE): 6.64B
- Helmerich Payne (HP): 5.96B
- Patterson-UTI Energy: 4.15B
- Atwater Oceanics (ATW): 2.84B
- Hercules Offshore (HERO): 2.02B
- Grey Wolf (GW): 1.52B
Source: Yahoo! Finance

Yes, RIG might be the largest of the offshore drillers, but saying that they have no competition is downright idiotic. Your argument is almost equivalent to the argument that Exxon has no competition, because it is the largest integrated oil company in the space. You need to be defenestrated from Seeking Alpha for such moronic comments.