Helmerich & Payne, Inc. (NYSE:HP)

Oil pipe still needed

HP thinks of the user of it's equipment-moving platform,etc. which produces shorter work times,more safety more efficient colletion of resourses.

Boy, did HP's BOD screw up. The President of the USA gets a BJ and is a hero. He fudges expenses and gets the boot. HP's loss as Markie is golden.

3com

HP will cut cost to the extreme. They have most employees offshore at cheap wages. They recently merged with Palm and EDS broadening its brand.

Land driller Helmerich & Payne will benefit from exploration growth in shale deposits, which have been found to contain huge reserves that are now economically feasible to exploit - thanks to high-tech rigs such as Helmerich & Payne's FlexRigs that can drill horizontally.
Offshore drilling woes in the aftermath of the BP spill may drive even more interest in the shale deposits.
The FlexRigs, 98 percent of the company's active fleet, are in high demand and pricing power is strong as investment in the shale heats up. An MIT study released last week estimated there were 650 trillion cubic feet of natural gas in the shale deposits that can be economically developed at prices of $6 per million Btu or lower. Gas is currently trading below $5 but the MIT study predicted the use of natural gas as a percentage of total U.S. energy use would double, to 40 percent, by 2050.
Don't listen to MIT - listen to the oil majors circling the shale patch.
On Thursday, Reliance Industries said it would pay $1.36 billion for a stake in the Texas shale-gas assets of Pioneer Natural Resources. In April, the Indian oil and gas giant agreed to pay $1.7 billion for a 40 percent stake in Atlas Energy's shale holdings.
And on Friday, Exxon Mobil closed its $35 billion purchase of XTO Energy, also a major shale player.
The shares are not without risk however, as Venezuelan strongman Hugo Chavez recently nationalized 11 Helmerich & Payne rigs in a dispute over contract rates.
At $38, Helmerich & Payne stock is trading 23 percent off its 52-week high at a PEG ratio of 1.68 and a long-term debt to equity ratio of just 11 percent.

HP HAS A YOUNG EFFICIENT DRILLING FLEET WHICH HELPS SNAG MARKET SHARE AND MAINTAINS A RELATIVE HIGHER UTILIZATION DUE TO STRONGER DRILLING DEMAND and LONGER DURATION CONTRACTS FOR THEIR HIGH TECH FLEX RIGS.

Stock is currently oversold do to market volatility. Oils recent upsurge is making this stock look very promising.

I am betting on oil/energy right now.

Teck will be making a comeback

This is one of the highest quality stock in the onshore drilling space. Following Buffet advice, buying quality at a reasonnable price.

If oil prices go up (which I believe will happen) this oil service company is well positioned.

HP owns the innovators that change the playing field. I expect to see them lead in super efficient multi core cpus that run on low energy (great to data centers), and have lots of power!

Well positioned per CEO's November 2008 comments.

DemonDoug pick

free leverage compared to USO. Wonderful company. Buy & Hold!

The Company contracts there rigs out on 3 to 6 yr contracts & they have nearly all of the rigs deployed plus new ones being built already contracted. Your looking @ gauranteed profits, not forcast profits. Definite No Brainer

This is another energy paly that has not fallen as far as CSH because it has a better model and did not have a CEO dumping shares. Will beat the market, slowly.

HP is very flexible and a top choice of North and South American drilling rigs. Also it carries little to no debt and owns a large stake in Atwood Oceanics (ATW) which while not big like RIG has tremendous expertise in deep water drilling which seems to be where US, Canada and other producers are going. While oil and especially gas are undergoing a temporary downturn and oil companies can be expected to cut their drilling budgets, this will be a temporary circumstance and the majors who are sitting on piles of cash will continue exploration. HP while it will earn less next year than this is being infairly lumped in with some of its more leveraged and risky competitors and other oil service companies that derive their incomes from mud and repair etc. and gain their income from the number of rigs in use at any time. HP will keep going without any debt issues or customer loss.