Jim Mueller is a big fan of SeaDrill. In this video, he explains that SeaDrill has a huge opportunity to exploit the growing demand for oil. Even though it's only the fifth largest deepwater drilling firm by rig count, SeaDrill receives as much as $500,000 per day from big oil companies leasing its rigs. As long as the price of oil stays high, the demand for deepwater oil will persist, and that should drive SeaDrill revenues and investor returns.
This is the opportunity Seadrill investors are looking to be a part of.
About the Author
Advisor for Motley Fool Options, Future of Entertainment, and Energy Insider, Jim learned how businesses are run while putting his Ph.D. in biochemistry to use at a small biotech company. Jim started investing over two decades ago, initially making the same mistakes most people do. He changed careers to work at the Fool, where he's improved his investing process while developing an appreciation for the importance of investor psychology and taking the long-term view. He received the CFA charter in 2015.
