Look No Further for a Winner in Offshore Drilling

Atwood Oceanics  (NYSE: ATW  )  is well positioned to outperform the offshore drilling market as the company continues to enhance its fleet of jackup and floater vessels. In addition to commanding industry-leading dayrates and strong utilization rates, Atwood employs a conservative approach of growing its business organically. With two new drill ships coming online next year, Atwood should find itself in an enviable position of deciding to either increase its growth rate, or return excess free cash flow to shareholders in 2015.  

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This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.


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