Hercules Offshore, Inc.
A few days ago, General Electric’s acquisition of Lufkin drove more attention to the United States shale oil and gas sector. General Electric will pay roughly $3.3 billion for the artificial lift manufacturer -- not a small sum. The Lufkin deal is just one sign that investments in the US shale play are beginning to gain momentum again.
Hello and welcome, Motley Fool readers. If you weren’t familiar with Carl Icahn before last week, you probably are aware of him now given the high-profile spat on CNBC between Icahn and fellow billionaire Bill Ackman. CNBC’s approval rating among viewers is at the lowest level since 2005, so maybe the Icahn/Ackman lunch hour soapbox is just what the network needed.
In any event, Icahn reported on more »
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.