Interviewer: "What accounts for your success, Mr. Getty?"
J. Paul Getty: "Some people find oil, some don't."
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Entries Tagged as 'drilling/service companies'
Bonanza for Drilling and Service companies
Tue Mar 11, 2008 9:00am EDT
HOUSTON, March 11 (Reuters) - Deep below the ocean floor off Brazil is Tupi, possibly the largest offshore oil field ever discovered.
Brazil controls Tupi, but getting crude oil out will create billions in revenue for oilfield service companies like Halliburton Co (HAL.N: Quote, Profile, Research) and Transocean Inc (RIG.N: Quote, Profile, Research) that have the expertise needed to tap the extremely complex reservoir.
Brazilian state oil company Petrobras’ (PETR4.SA: Quote, Profile, Research) …
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Tags: Brazil · Transocean (RIG) · drilling/service companies · oil supply
As readers of this site know, I have the utmost respect for the views of Charlie Maxwell. His recent interview with EnergyTechStocks.com has been reported elsewhere, but in case anyone missed it, I recommend that you pay attention.
It is fascinating to me that Charlie’s views are so congruent with the work that Chris Skrebowski has done using his megaprojects analysis to project peak oil and the timing of future stresses to the global economy from expected oil shortages. Here is a link to part one which discusses the degree …
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Tags: Peak Oil · Price of oil · Transocean (RIG) · drilling/service companies · oil demand · oil supply
February 3rd, 2008 · 3 Comments
Time to Get Back in the Water
I hate market timing. It’s expensive, it’s disruptive to fundamental investment practices, and it often does not work. But in early January I felt that exceptional circumstances required action. So I stepped aside for a few weeks, as I described at the time. I’m glad I did. While the EIS portfolio declined 4.4% for the month, that compares favorably with energy indexes (OIH down 16.7%) and the broad market (SPY down 6%).
The exceptional circumstances, as you know, were the interrelated problems of a …
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Tags: Newsletter · Price of oil · Transocean (RIG) · drilling/service companies
From Seeking Alpha
by Stockerblog
With the price of oil bouncing around between $90 and $100 per barrel, maybe its time to look at the oil drillers, which can provide substantially more upside than the large integrated oil companies or the oil income trusts. Here are a list of 14 oil drillers, all but two of which have market caps above $1 billion, and all but two of which pay dividends:.
Atlas Energy Resources (ATN) is a developer of of natural gas and oil principally in Michigan, New York, Pennsylvania, …
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Tags: Transocean (RIG) · drilling/service companies
