International Hedges

Rowan: Push Into Ultra-Deepwater Could Bring Profits for Investors

May 132013

Rowan Companies (RDC) is an offshore drilling company specializing in the shallow water jack-up market. However, the company has begun making a push into the ultra-deepwater market by ordering four drillships which are currently under construction. These drillships will hopefully allow Rowan to gain a foothold in and participate in the outsize profits which are present in the ultra-deepwater market. Considering the present dynamics in the ultra-deepwater market (which will be discussed later), this move has the potential to be very beneficial to the company and its shareholders.

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TeliaSonera Is Still a Good Dividend Investment

Stock Research, Telecommunications Comments Off

Apr 192013

Earlier this year, I discussed TeliaSonera’s (TLSNF.PK) potential as a dividend investment. Now that the company has released its fourth quarter and full year results, I wanted to revisit the stock to see if my original thesis still holds true. In fact, it does. TeliaSonera achieved record free cash flow in 2012. This is something that is particularly important when evaluating a dividend stock since the free cash flow is the amount of money that a company has left over after covering all of its costs and making all necessary investments and capital expenditures. This means that the company has more money than ever before which could be returned to investors. Even though the company did not increase its dividend this year, this achievement is still a very good thing for investors.

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Atwood Oceanics: Stock Price Does Not Adequately Consider Growth

Offshore Drilling, Oil, Stock Research Comments Off

Apr 182013

Atwood Oceanics (ATW) has delivered one of the finest growth stories of any offshore drilling company over the past few years. Furthermore, the company looks well-positioned to continue to deliver growth over the next few years, with its three newbuild drillships and one high-specification jack-up due to be delivered between now and 2015. This will give the company one of the youngest ultra-deepwater fleets in the industry and that is an enviable position to be in for reasons which my regular readers are already aware of. This all points to a company that could deliver superior returns going forward.

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