Ocean Rig UDW Inc.

  • 3 Offshore Drilling Companies With Robust Growth Prospects

    By Shahida Humayun - August 10, 2013 | Tickers: ORIG, PACD, SDLP

    In this article, I will be discussing three offshore drilling companies with robust growth prospects. Before discussing the companies, I would like to state the reason for being bullish on the offshore drilling sector through two charts.

    <img height="287" src="http://g.foolcdn.com/editorial/images/64734/oil-discoveries_large.png" width="580" />

    <img height="362" src="http://g.foolcdn.com/editorial/images/64734/spending-offshore_large.png" width="580" />

     

    The first chart gives the major oil discoveries in the last six years and onshore discoveries have been minimal while offshore discoveries at significant water depths have been significant. As a result of more »

  • When Will Transocean be a Buy?

    By Jason Bond - August 8, 2013 | Tickers: ESV, ORIG, RIG

    Since the Gulf of Mexico incident, Transocean (NYSE: RIG) shares have been stuck in neutral. When will shares rally?

    Deepwater Horizon

    Deepwater Horizon, an oil rig run by Transocean and leased by BP, exploded on April 20 2010, killing 11 workers and leaking almost 5 million barrels of oil into the Gulf of Mexico. As a consequence of the oil spill, Transocean stock fell from the upper $80's to more »

  • Beat the Taper: Part 2

    By Rupert Hargreaves - August 6, 2013 | Tickers: T, BG, ORIG

    As the taper is set to start in September, there is bound to be some volatility in the markets, so in this two part series I have put together a taper-proof portfolio.

    The aim of this portfolio is not to try and avoid the volatility stemming from the taper but to fully acknowledge it, looking to invest in companies that are good investments for the long term and will not more »

  • The Best Investments for the Expanding Oil-Rig Market

    By Rupert Hargreaves - August 5, 2013 | Tickers: CAM, NOV, ORIG, RDC

    Over the next five years, it is expected that there will be a strong demand for deepwater and ultra-deepwater (UDW) rigs, as major oil and gas producers increasingly look towards offshore production in water exceeding depths of 5,000 feet. Despite this being a relatively high-risk area of operation, producers hope that the increased danger will be offset by larger and more lucrative hydrocarbon reserves.

    Indeed, as of October 2012 more »

  • ‘Difficult Times’ Persist for Drybulk Shippers

    By Gerelyn Terzo - June 17, 2013 | Tickers: DSX, DRYS, ORIG

    I was saddened to hear that Paul Soros, a legend in the drybulk and shipping industry, passed away. Not only is the loss of such an innovative person a loss to the world, but worse is that Soros never got to see the industry that he once helped to engineer recover from its low point. Soros, the brother of famed investor George Soros, recently succumbed to several major sicknesses at more »

  • Is It Time To Abandon Ship?

    By Nur Tarkak - May 31, 2013 | Tickers: DRYS, NMM, ORIG

    DryShips (NASDAQ: DRYS) is cruising on troubled waters. However, it is not the only ship on the journey to the high seas. Other shipping lines are also traversing the same ocean with surging waves, facing difficulties brought about by the sluggish economy.

    But, compared to many of its peers, DryShips is more stable because of its well-diversified operation. It is not only involved in the dry bulk shipping segment, but more »

  • Stay Away From Shipping Stocks

    By Ishtiaq Ahmed - May 1, 2013 | Tickers: DRYS, ESEA, ORIG, PRGN

    There are few industries that have been hit harder than the shipping industry in the past five years. The shipping industry is always at the forefront of economic growth and is hit most severely if the economy starts to slow down. However, the fall of the shipping industry in the past five years cannot only be attributed to the poor economic conditions – the industry was the architect of its own more »

  • Is There Hope for this Struggling Shipper?

    By Fani Kelesidou - February 19, 2013 | Tickers: DRYS, NMM, ORIG

    Back in 2008, DryShips (NASDAQ: DRYS) used to be the crown jewel of the shipping industry. With a fleet size second to none, and a market capitalization greater than $3 billion, DryShips dominated the market and held a special place in investors' hearts.

    Yet over the past five years, the gloomy demand environment within the dry bulk sector nearly sunk the company. As the Baltic Dry Index kept bumping along more »

  • Greek Shippers Might Pay the Price After All

    By Fani Kelesidou - January 21, 2013 | Tickers: DSX, DRYS, ORIG

    For years, Greek shippers have maintained a leading position in the international maritime business. The long shipping tradition of their home country provided a major competitive advantage that enabled them to establish a strong foothold in the global shipping industry. Greek ship owners have the largest merchant marine fleet worldwide. In particular, they control about 16% of the global dry bulk fleet and operate about ¼ of the world's more »

  • The Ship, the Sea, and...the Value Opportunity?(Part one)

    By Fani Kelesidou - January 14, 2013 | Tickers: DSX, DRYS, EGLE, NMM, ORIG

    At the moment, a typical investor would stay far away from shipping stocks. Weak global demand has led to an unprecedented oversupply within the industry. In turn, over the past five years, ship owners have been struggling with declining chartering rates and diminished profits. On the other hand, a contrarian investor would probably think to dig deeper into the market's trends seeking a possible value opportunity. As Baron Rothschild more »

  • Three Shipping Stocks to Consider for Industry Recovery

    By Dr. Osman Gulseven - October 15, 2012 | Tickers: DRYS, EGLE, FRO, NM, NMM, ORIG, SBLK

    Since the subprime crisis, the shipping industry is under distress and is facing numerous challenges. The recent global economic meltdown and the prevalent oversupply in the sector are serious setbacks for investors. Most of the shipping giants are dealing with revenue losses due to low market demand. As a result, their debt is growing at a fast pace. Currently, most shipping companies are struggling to generate enough revenue to survive more »

  • Smaller Offshore Drillers Find a Niche

    By Chris Mascarenhas - August 24, 2012 | Tickers: CVX, COP, DRYS, NATDF.PK, ORIG, PACD, SDRL

    Typically, a company would have to own quite a few assets to have a billion dollars worth.  In the offshore drilling sector,  a new drilling asset costs between $200 million (Jack-up rig) to over $600 million (Ultra Deepwater (UDW) drillship).  A company could own just a pair of Jack-up rigs and a UDW drillship, or a couple of UDW drilling assets, and have over a billion dollars in assets.  This more »