Dril-Quip, Inc. (NYSE:DRQ)
The Company designs, manufactures, sells and services highly engineered offshore drilling and production equipment that is well suited for use in deepwater, harsh environment and severe service applications.
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High insider ownership. Exporation will be high for the next 2-4 years minimum. Nothing but promising indicators.
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Supply/demand
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The demand for their products will increase substantially as oil exploration and recovery moves to harsh environents. The stock price has been unfairly beaten down by the drop in oil prices, but the fundamentals and the long-term potential remain unchanged. I think it will outperform over the long haul, but I would wait for some insider buys or a stock buyback before I put my money in.
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Price has been depressed by the drop in oil prices. Exploration and drilling should continue to be strong and earnings should be good.
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Oil will rise and services will always be needed
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Big oil find in GOM, problemis that it is under 5000 feet of seabed. Calling DRQ
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insider selling
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