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Affordable Oil Drillers with Potential

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August 02, 2011 – Comments (0) | RELATED TICKERS: DO , VTG , RIG

We have recently reported on both exploration and production companies and oil service companies. Now it is the oil drillers turn to shine. Not only do these stocks have a solid groundwork, but they are actually affordable to the average investor. Hawkinvest has chosen six stocks to watch that fit this specific criteria. 

 

Vantage Drilling Company (VTG) offers offshore contract drilling services to oil and natural gas companies. The Vantage fleet includes four ultra-premium jackup rigs, three ultra-deepwater drillships, and two deepwater semi-submersibles. This is a small company compared to many other drillers and is relatively new. The debt load seems to weigh on these shares and hold back profits.

 Diamond Offshore (DO) is a major offshore oil and gas drilling contractor that operates worldwide with a fleet of about 47 offshore rigs. This stock is trading at about 11 times earnings and has dropped from a recent high of about $71. Any dips to $65 or below looks like a solid buying opportunity.

 Transocean (RIG) is a major offshore oil and gas drilling contractor that operates worldwide with a fleet of about 138 mobile offshore rigs that it either owns or operates. This company is still dealing with legal issues and liability from the BP oil spill. The spill has created major expenses and negative media reports for any company directly or indirectly involved. This stock is one of the cheapest in this sector and is trading below book value due to the ongoing BP spill concerns."

 

Find additional research here: http://turnkeyoil.com/2011/08/02/affordable-oil-drillers-with-potential/

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