Look No Further for a Winner in Offshore Drilling
Atwood Oceanics is well positioned to outperform the offshore drilling market as the company continues to enhance its fleet of jackup and floater vessels. In addition to commanding industry-leading dayrates and strong utilization rates, Atwood employs a conservative approach of growing its business organically. With two new drill ships coming online next year, Atwood should find itself in an enviable position of deciding to either increase its growth rate, or return excess free cash flow to shareholders in 2015.
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This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
The article Look No Further for a Winner in Offshore Drilling originally appeared on Fool.com.Alison Southwick, Joel South, and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Atwood Oceanics. 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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