John Fredriksen Predicts Offshore Rig Shortage, SeaDrill May Offer Buying Opportunity To Profit
By Power Hedge:
Investors in SeaDrill (SDRL) have had a lot to be happy about over the past few weeks. SeaDrill set a new all-time high earlier this month and has since gone on to shatter it.
Source: Fidelity Investments
SeaDrill's stock started out the month at $37.10. Since that time, the stock has appreciated 10.67% to close at $41.06 on February 27, 2012. This stock appreciation is not without good reason. The economic tailwinds and industry trends that the company has at its back are incredibly strong.Over the last two months, I posted two articles to Seeking Alpha that highlight a major trend in the offshore drilling industry. This trend is the rapidly increasing demand for drilling rigs that is causing dayrates for ultra-deepwater and semi-tend rigs to soar upward! You can read my articles about this at Seeking Alpha:
- Strengthening Market, Fleet Expansion Position SeaDrill for Growth
- SeaDrill: Offshore Tender
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