Use access key #2 to skip to page content.

XMFSinchiruna (27.47)

Is This the Death of Deepwater?

Recs

17

June 01, 2010 – Comments (1) | RELATED TICKERS: APC , BP , HAL

The deepwater segment unravels following BP's failed maneuvers.

Excerpts:

"The entire oil industry has been forced to confront its undeniable and collective lack of preparedness for addressing a major deepwater catastrophe, and reasonable folks around the world find themselves wondering just what the heck we've been thinking by allowing deepwater production to flourish as it has without the necessary capabilities in place."

"When a company resorts to seemingly silly measures like deploying golf balls and old tires to plug a gushing geyser of subsea oil and gas, it highlights an apparent ocean of disconnect between modern society's unwavering thirst for oil and our capacity to safeguard entire ecosystems from the risk of catastrophic spills."

"At a time when the entire world is grappling with the appropriate questions that are triggered by an environmental disaster of this magnitude, tracking the investment implications can leave a strange taste in the mouth. Nonetheless, real people have real money tied up in these stocks and must continue to make informed decisions."

As always, thank you for recommending the article at the source if you appreciate the content, and thank you for sharing your thoughts and concerns below.

 

1 Comments – Post Your Own

#1) On June 01, 2010 at 10:59 PM, topsecret10 (< 20) wrote:

 I'm looking for solid companies In this sector whose stocks are getting hammered,and have little or no exposure to the United States or the Gulf of Mexico In particular. Seadrill (SDRL) has one rig there,and other than that they are a large and growing deepwater company with operations throughout the world. They were recently listed on the New York stock exchange In April,and the dividend Is solid. I am nibbling on this one right now,and I am not concerned with the long term prospects of International deep water drillers. I will stay away from the companies that are overexposed to the United States,and the Gulf of Mexico In particular....     TS

Report this comment

Featured Broker Partners


Advertisement