Seadrill Beats Ensco on Our List of Favorite Energy Stocks
In the rig industry, Ensco has been trying very hard to do its best impersonation of the top ultra-deepwater driller, Seadrill . It has a young fleet of vessels that can be used in the most extreme water depths today, and it is garnering top dollar for these assets. Still, there are still a few things setting Seadrill apart from Ensco among our favorite energy stocks in 2013.
One of the major differences between the two companies is the age of their shallow water jack up fleets. Much of Ensco's fleet is approaching the end of its economic life, while the entire fleet for Seadrill is less than five years old. To find out more reasons why Seadrill topped Ensco on our list and what it would take for Ensco to move past Seadrill, tune into the video below.
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The article Seadrill Beats Ensco on Our List of Favorite Energy Stocks originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill. 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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