The ultra-deepwater drilling market has fully recovered from the Deepwater Horizon disaster and even the owner of that rig -- Transocean (NYSE: RIG ) -- is seeing improved results. As growing reserves are found in deepwater, Transocean, Noble (NYSE: NE ) , Seadrill (NYSE: SDRL ) , and Ensco (NYSE: ESV ) have been able to command $600,000 per day for rigs and keep them employed for months or even years at a time. With oil becoming harder to find onshore, energy contributor Travis Hoium thinks the profits these companies are reporting can continue to grow.
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