5 hrs ago
Transocean Partners: Drop-Down Inventory Offers Visible Growth
RIGP is well contracted through 2017, offering investors a strong line of sight into the company's cash flow generation capacity. Transocean Partners LLC is a growth oriented limited liability company formed by Transocean , one of the world's largest providers of offshore contract drilling services, to own, operate, and acquire offshore drilling rigs.
9 hrs ago
Seadrill: Should You Double Down Now And Go All In Close To Seadrill's 52-Week Low?
I like Seadrill a lot and I have repeatedly endorsed the offshore driller for a lot of reasons: First of all, I am long-term bullish on ultra-deepwater exploration, which is the most attractive and most rapidly growing segment in the offshore drilling business. Secondly, second-quarter earnings were solid with continued EBITDA momentum and the company benefited from a massive order backlog.
Mon Sep 15, 2014
Noble Corp. Fleet Analysis: After The Paragon Offshore Spin-Off
Noble Corp. is a top-tier offshore drilling company based in London, with a large rig fleet operating around the world. Noble spun off 43 rigs of its fleet under a new company, called Paragon Offshore Plc., in August.
The Motley Fool
5 Things Transocean LTD Management Wants You to Know
In Transocean's most recent conference call, CEO Steve Newman, Executive Vice President and Chief Financial Officer Esa Ikaheimonen, and Senior VP of Marketing Terry Bonno made several statements regarding the state of the company, as well as the industry, that investors in these companies should be aware of. "Since our last call, the ultra-deepwater market outlook is largely unchanged.
Sun Sep 14, 2014
The Forest Vs. The Trees Of The Offshore Drilling Industry
It is no secret that the oil companies prefer leasing the most modern and safest rigs . The companies that provide offshore oil drilling services have been falling quite a bit lately.
Ensco Remains On Track To Grow
The company has been able to grow utilization rates for its rigs despite fears about a slowdown in the sector. Medium-long term prospects of the offshore drilling sector are good as the rising demand for oil and gas and strong crude prices will prompt an increase in offshore assets.
Thu Sep 11, 2014
4 Reasons To Still Like SeaDrill After The Earnings Miss
SDRL's ownership interests in many other drillers means it isn't too heavily exposed to any one company's problems. It's extremely tough days for offshore oil and gas drillers lately, with heavy competition putting pressure on margins, and companies missing earnings estimates pretty much across the board.
Seadrill Reports That The Offshore Drilling Market Is Slowing
Seadrill has long been a staunch optimist when it comes to the outlook for the offshore drilling sector. The company has remained upbeat, while others have questioned the strength of the market.
Wed Sep 10, 2014
The Aiken Standard
Column: Local leaders snubbed in debate over drilling
While federal governmental officials, environmentalists and oil companies are interested in whether large reserves of oil and natural gas exist off the S.C. coast, no one cares more than the people of South Carolina who live, work and raise families here. Many work in the tourism industry, which could be harmed if a drilling operation goes amuck as happened in 2010 when a drilling rig explosion spewed 200 million gallons of oil into the Gulf of Mexico, crippling that area's tourism-based economy.
Offshore oil drilling market to suffer through 2015-execs
A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday. Rig rates have fallen sharply over the past 18 months as oil companies cut capital spending, saving cash for dividends, just as dozens of brand new offshore rigs ordered during the boom times hit the seas, creating overcapacity.
The Globe and Mail
Putin's oil deals with Exxon, Shell under threat from sanctions
Russian President Vladimir Putin speaks during a live video link with Russian oil company Rosneft oil platform Yastreb at the Okhotsk Sea of shore of the Sakhalin Peninsula at the city of Gorno-Altaisk, Siberia, Russia on Thursday, Sept. 4, 2014.
The Motley Fool
7 Ways to Profit From the Next Era in Offshore Drilling
According to the Rystad Energy consulting firm, ultra-deepwater offshore oil production is expected to grow at 19% annually through 2030, 19 times faster than conventional land based production. One of the latest techniques in offshore drilling is offshore fracking, what David Wethe of Bloomberg calls "the next frontier in fracking."
Easing Legal Issues, Lower Costs and MLP Creation Support Our $42 Estimate For Transocean
Great Speculations' contributor page is devoted to investing ideas that will help make you wiser and richer. Most articles will contain actionable advice.
Tue Sep 09, 2014
How Much Further Will Diamond Offshore Drilling Fall Before Finding Support?
Diamonds shares currently trade at a premium to book and could fall by a double-digit percentage before they find support. The cancellation of the Ocean Vanguard contract between Diamond Offshore and Statoil , really marked a turning point for Diamond Offshore's outlook.
Mon Sep 08, 2014
Seadrill And Transocean: Complete Fleet Comparison And Analysis As Of September 8, 2014
Seadrill and Transocean are two top-tier offshore drillers which are my best picks due to their financial potential, their impressive backlog and their attractive safe dividend. Transocean and Seadrill present a unique opportunity now, considering that they trade at a discount compared to their actual fair value, assuming a great growth potential by the mid-2015.
Sun Sep 07, 2014
The Motley Fool
What Seadrill Ltd's Management Wants You to Know
One of the few times investors get to hear directly from management about a company's operations and direction for the future is the conference call that follows quarterly earnings reports. For investors following the offshore drilling market this is the time for management to give insights into what the future looks like.
Is Transocean A Strong Value Play?
Transocean Ltd. recently saw the conclusion of the 2010 Gulf Oil Spill case which brings some stability to the stock. Transocean Ltd. has a strong EV/EBITDA, P/E, and P/B, which indicates that it might be a strong value play.
Sat Sep 06, 2014
GOP Senate candidate: To boost energy production, elect Republicans
Alaska Republican Senate Candidate Dan Sullivan criticized President Obama and Senate Democrats on Saturday for stifling domestic energy production, warning that a failure to take full advantage of American resources is "costing us high-paying jobs." "The Obama-Reid agenda has locked up America's natural resources, burdened small businesses throughout the country with an avalanche of regulations and suffocated job growth through a complete disrespect for the rule of law," Sullivan, who was the state's attorney general under former Gov. Sarah Palin, said in the weekly Republican address .
Vantage Drilling Company Is Not As Valuable As It Seems
With a market cap of just under $550 million Vantage Drilling Company is one of the market's smallest offshore drillers. At first glance, the company appears to be undervalued, as it trades at a forward P/E of 5.6 and historic P/E of 8.5, compared to the industry average of around 10. What's more, with an enterprise value of over $3.3 billion, Vantage looks cheap on EV multiples, trading at an EV/EBITDA figure of 7.4x compared to the industry average of 9.4x.
Fri Sep 05, 2014
Transocean Partners: 5.1% Distribution Yield And Strong Growth Potential
The company is undervalued on a relative valuation basis, and the stock still has upside potential even after a 30% upside since IPO. Transocean Partners is a limited liability company recently formed by Transocean , one of the world's largest offshore drilling contractors, to own, operate and acquire modern, technologically advanced offshore drilling rigs.