Friday, July 18, 2014

Here's Why Start-Up Issues Aren't a Concern for Ocean Rig

For a relatively young company forecasting fast growth, offshore drilling contractor Ocean Rig (NASDAQ: ORIG  ) trades at a very attractive earnings multiple. The company continues to bump along with start-up issues from new drillships, but it appears poised to produce strong results going forward based on a solid contract book and an improving deepwater drilling market.

Read the full article here.


Disclosure: Long ATW. Please review the disclaimer page for more details. 



No comments: