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Deepwater Driller Value Opportunities Emerging

Date:
June 5, 2014
Source:
TheStreet / Powered by NewsLook.com
Summary:
Stephanie Link, co-portfolio manager of Action Alerts Plus, talks with energy contributor Dan Dicker about the off-shore drillers and whether a value is emerging. Stephanie owns Ensco (ESV) for AAP and believes there is a short-term trade to be had in the driller, with day rates for deep-water floaters on the rise. Dicker is more sanguine on the sector, with discouraging reports from Transocean (RIG) and Seadrill (SDRL) showing continued slow leasing of even the most advanced deep water rigs. But strong dividends could be the sector's saving grace. Video provided by TheStreet


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