Who Benefits From The Resurgent Deep Gulf Drilling?
First, companies that focus on drilling deepwater wells in the Gulf could benefit the most with the rising demand and possibly less competition as many rigs fled the area. Second, any companies in the deepwater segment should benefit with rising sector demand and higher global utilization lifting all day rates regardless of location.
Read the full article at Seeking Alpha.
Disclosure: Long ATW. Please review the disclaimer page for more details.