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Atwood Oceanics

  • Rig Your Portfolio for Profits

    By Ted Cooper - May 1, 2013 | Tickers: ATW, DO, RIG

    The high price of crude oil over the last several years has served as a tremendous benefit for drilling companies. The higher the price of oil, the more incentive there is to drill new wells, which provides an uptick in business for drilling companies.

    However, the inverse is true as well. As the price of oil declines, so too does drilling activity. As a result, the drilling business experiences cyclicality more »

  • Atwood Oceanics: Cheap Valuation for the Growth

    By Mark Holder - February 28, 2013 | Tickers: ATW, ESV, NE, RIG

    It used to be that growth stocks traded at 1x the earnings growth rate. A stock growing at 10% with earnings forecasted at $2 would trade at $20 and in some cases up to 2x that growth rate. In the current climate a stock such as Atwood Oceanics (NYSE: ATW) can trade at virtually half the growth rate.

    The company is an under-the-radar global offshore deepwater drilling contractor engaged in more »

  • Unearthing the Value Activist Carl Icahn Sees In Transocean

    By Marshall Hargrave - January 16, 2013 | Tickers: ATW, DO, ESV, NE, RIG

    Activist investor Carl Icahn is back in action, this time announcing a 1.56% stake in Transocean (NYSE: RIG), his latest venture into the oil and gas industry. According to the company, Icahn’s planned future purchase of Transocean shares would amount to at least 3.4 percent and make Icahn one of the top two shareholders, but it remains unclear as to whether he will take an activist role more »

  • Invest in These Offshore Drillers

    By invest-in-theses-offshore-drillers - December 13, 2012 | Tickers: ATW, DO, ESV, HERO

    Petroleum is not the easiest resource to acquire. Even as billions of dollars have flooded into the energy markets the growth in green energy is far greater than that of crude production. Over the past decade most of the growth in petroleum production has come from obscure, hard to reach places. Specialized off-shore drilling companies are a great way to profit from acute energy constraints. 

    Atwood Oceanics (NYSE: ATW) is more »

  • The Leading Land Drilling Company Offers a Huge Upside

    By Piyush Arora - October 31, 2012 | Tickers: ATW, HP, PES, PDS

     

     

  • Digging Up Black Gold with Seadrill

    By Ryan Guenette - September 6, 2012 | Tickers: ATW, ESV, RDC, SDRL, RIG

    Finding oil and natural gas is becoming harder and harder. Companies are being driven to all-time distances to strike a black gold mine. After all, natural gas and oil are not like trees, as after they take the oil away the companies cannot simply resupply the area. Several companies have been driven offshore in search of oil, with one being Seadrill Limited (NYSE: SDRL). Seadrill is an offshore drilling contractor more »

  • How Geopolitical Risk and Hurricane Season Affects Undersea Drillers Differently

    By Joshua Bondy - September 5, 2012 | Tickers: ATW, DO, ESV, RDC

    Investing in energy resources is very attractive over the long term. The world demand for energy is set to increase while traditional energy sources are decreasing in supply. This situation will produce strong long term prices. The fracking revolution has pushed natural gas prices down but crude oil is still relatively hard to find.  With the big fields fields declining even with water injection and other methods companies and nations more »

  • Simple But Powerful Idea to Find Winners

    By Ser Jing Chong - September 3, 2012 | Tickers: ATW, DLB

    As an individual investor learning about investing by reading articles and books written by professional investors, there can sometimes be startlingly simple but yet effective ideas that can be put to use by individual investors. John Neff was widely considered to be a contrarian, value and low Price-Earnings (PE) investor whereas Shelby Davis and Peter Lynch are both considered to be Growth at Reasonable Prices or GARP investors. These professionals more »

  • One Small Driller With a Big Upside

    By Norman Tang - August 31, 2012 | Tickers: ATW, BP, CVX, SDRL, RIG

    Industry Overview

    Contract drillers are considered part of the upstream Exploration & Production (E&P) segment within the Oil & Gas industry. They can be differentiated a variety of ways including by their domestic vs. international operations, rig types and depth capabilities, and whether the driller is onshore or offshore. For offshore contractors, rigs can be deployed to a number of regions including Australia, Southeast Asia, W. Africa, S. America, and the more »

  • Offshore Drillers: Sales are Nice but Profits are Sweeter

    By Pam Peerce-Landers - June 25, 2012 | Tickers: ATW, DO, ESV, NE, RIG

    In a previous article, I discussed the effect of offshore drillers' fleets' age and composition on their sales and backlogs. In this article, I will look at profitability.  In a subsequent article, I will address financial condition and debt levels.  In response to comments on the last article, I added Noble Corp (NYSE: NE) to my original list of companies: Atwood Oceanics, Inc. (NYSE: ATW), Diamond Offshore Drilling Inc. (NYSE: DOmore »)

  • Why Investors Should Care about Offshore Drillers' Fleets

    By Pam Peerce-Landers - June 21, 2012 | Tickers: ATW, DO, ESV, SDRL, RIG | Editor's Choice

     The world's offshore drilling fleet can be divided into 4 groups by maximum operating water depth: shallow (up to 450 feet), mid-water (over 450 but less than 4500 feet), deepwater (4500 to 7500 feet) and ultra-deepwater (over 7500 feet).  According to Seadrill Ltd.'s (NYSE: SDRL) latest 20-F SEC filing dated April 27, 2012, the world's existing drilling fleet consists of 797 rigs: 497 (62%) shallow water (jack-ups more »

  • The Best of the Best: Diamond Offshore Drilling and Atwood Oceanics

    By Alvin Gonzales - May 29, 2012 | Tickers: ATW, DO, ESV, RDC, RIG | Editor's Choice

    Investing in offshore oil drilling makes sense. The ocean covers 71% of the Earth’s surface (NOAA). If one assumes that the distribution of oil underneath the ocean floor is similar to the distribution of oil found inland, then one can see that there is huge potential in offshore oil drilling.

    Additionally, the area of the ocean that can be accessed by current drilling technology is large. Since the average more »