Are Offshore Drillers As Valuable As They Seem?

Rupert Hargreaves

Published onMay 23, 2014

Updated on May 13, 2021

Offshore drillers, Diamond Offshore Drilling Inc (NYSE:DO), Transocean LTD (NYSE:RIG), Seadrill Ltd (NYSE:SDRL), Rowan Companies PLC (NYSE:RDC), ENSCO PLC (NYSE:ESV), Atwood Oceanics, Inc. (NYSE:ATW) and Ocean Rig UDW Inc (NASDAQ:ORIG), have not had a good year to date.

Table of Contents

The offshore drilling sector is heading into a two year slowdown as oil E&P companies cut spending and an influx of new drilling units hits the market, pushing down day and utilization rates.

For value investors, there are some deals to be found. But while these companies, and indeed the sector as a whole looks attractive based on...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Are Offshore Drillers As Valuable As They Seem?

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