Russia Just Made This Company a Top Energy Stock Overnight
Getting one rig contract for several years is a major score for a company, so when Rosneft recently announced that it was going to contract North Atlantic Drilling's entire fleet for several years as part of its intention to take a 50% stake in Seadrill , it possibly vaulted North Atlantic Drilling to the top of the ranks among rig company investments. Of course, it's not a coincidence that Rosneft has selected North Atlantic to do a majority of its future drilling program. The unique fleet of offshore rigs has put it in that position.
Find out why North Atlantic's fleet was so compelling for Rosneft and what investors should watch for as part of this deal by tuning into the video below.
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The article Russia Just Made This Company a Top Energy Stock Overnight originally appeared on Fool.com.Tyler Crowe owns shares of Seadrill. You can follow Tyler at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter,@TylerCroweFool. The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill and Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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