Atwood Oceanics, $46.27, symbol ATW on New York (Shares outstanding: 64.2 million; Market cap: $2.9 billion; www.atwd.com), operates 13 deepwater drilling rigs, with a 14th scheduled for completion in June 2014. The company’s fleet is modern, so its utilization rates are high, with most of its rigs under contract until 2015.
The company mostly drills in foreign waters, including off the coast of West Africa, Australia and elsewhere.
The drilling business is highly volatile. It depends not only on oil and gas prices, but also on the supply and demand for rigs among many competitors and customers.
However, the long-term outlook for the industry—and the company—is positive, and Atwood trades at a low 8.2 times this year’s forecast earnings of $5.65 a share. The firm has two new rigs scheduled for completion in 2015, which should increase its profits to $7.68 a share. The stock trades at 6.0 times that estimate.
Atwood Oceanics is okay for aggressive investors to hold.
A: Ensco plc (ADR), $48.90,…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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