Jim Mueller is a big fan of SeaDrill. In this video, he explains that SeaDrill has a huge opportunity to exploit the growing demand for oil. Even though it's only the fifth largest deepwater drilling firm by rig count, SeaDrill receives as much as $500,000 per day from big oil companies leasing its rigs. As long as the price of oil stays high, the demand for deepwater oil will persist, and that should drive SeaDrill revenues and investor returns.
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The article The Biggest Opportunity Facing Seadrill Investors originally appeared on Fool.com.
Austin Smith owns shares of Seadrill. Jim Mueller owns shares of BP, Seadrill, and Transocean. The Motley Fool recommends Seadrill and owns shares of Seadrill and Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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