Atwood Oceanics, Inc. (NYSE:ATW)

CAPS Rating: 5 out of 5

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.

Recs

0
Player Avatar mark3137 (51.05) Submitted: 9/7/2011 2:24:18 PM : Outperform Start Price: $41.12 ATW Score: -11.65

Current rigs Booked up thru mid 2012 - New rigs comming on line in 2012 - Already booked till 2013 or longer at higher rates - New rigs ordered for 2013 and 2014 Completion dates - Looks like ATW will be very busy and profitable for at least the next 2 years and at the rate things are going I would not be supprizsed if the rigs being built in 2012 and 2013 will be fully booked for 1 to 2 years after their completion dates as well !!

Featured Broker Partners


Advertisement