$47.71
2.55 (+5.65%)
Atwood Oceanics, Inc. (NYSE:ATW)
CAPS Rating:
The Company, together with its subsidiaries is engaged in the international offshore drilling and completion of exploratory and developmental oil and gas wells and related support, management and consulting services.
RSS Headlines
Fool UK
Recs
ATW is not a pure energy play. They make money by leasing the rigs that drill for oil, sometimes at astronomical rates. It has fallen, however, with the price of oil. With the emerging middle class in both China and India, and the falling rates of return in all the world's known oilfields, the price of oil will be back up to $4 a gallon far sooner than any of us would like. When that happens ATW goes with it...