Offshore Drillers: These Six Companies Will Lead in a Recovery…Just Not Yet

Ben Levisohn of Offshore Drillers found that KeyBanc’s Robin Shoemaker and Brandon Cheatham contend that six companies–Diamond Offshore Drilling (DO), Ensco (ESV), Noble (NE), Transocean (RIG), Rowan (RDC) and Hornbeck Offshore Services (HOS)–”should be well positioned and ready to lead in an industry recovery.”

Vinay Singh of investorguide.com states that Noble’s balance sheet and liquidity position are robust as its debt maturities will take place over the next few years and the debt to net capitalization ratio is well-managed under the target range of 35% to 40%. In addition, Noble is enhancing its liquidity position being hugely supported by its robust operations.

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About Scott

Live next to Chevron refinery. Lots of petroleum consultants in the area. I am interested in learning more about the industry. Also, interested in finance, business, and investing in world markets.
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