Don't let it get away!
Help yourself with the Fool's FREE and easy new watchlist service today.
For investors in Ensco (NYSE: ESV ) the next couple of years are stacking up to be a very good time for this rig company. Demand is up and will likely continue to climb for many years to come, and the company is very well positioned to take advantage of the emerging trends in the industry. For investors in Ensco, there are three key drivers you should watch going forward.
One of those big drivers is how much can the company build out in Brazil. Petrobras (NYSE: PBR ) expects to spend $200 billion in the offshore market alone over the next couple of years, and Total (NYSE: TOT ) and Royal Dutch Shell (NYSE: RDS-A ) -- its two largest partners in the Libra field -- will also be spending a considerable amount of money there to get this massive oil find up and running. Experts estimate that this region will require over 15 rigs to get it off the ground, and Ensco could well be suited to capture a good chunk of that market. To find out the two other major keys for Ensco, tune into the video below.
An energy giant set to lead
Advanced technology in the offshore exploration has been a critical cog in transitioning the global oil market away from the traditional centers of power. Of all the companies that are giving OPEC headaches, this one behind-the-scenes energy giant is at the heart of this transition. We have put together a brand-new Motley Fool special report that goes into depth about the company we're calling OPEC's Worst Nightmare. Simply click here and we'll give you access to this valuable report that unveils the name of this industry leader.