Rig Companies Better Be Ready for Another Gulf Oil Boom

Activity in the Gulf of Mexico is expected to reach pre-Macondo levels again, but Seadrill, Ensco, and Transocean are the ones that have the assets to actually take advantage of it.

Mar 23, 2014 at 2:00PM

It's taken a little less than four years, but oil and gas activity in the Gulf of Mexico is expected to grow this year back to levels we saw before the Macondo well blowout incident. This may sound like great news for rig companies, but the ones that actually have a shot at taking advantage are the ones that have the young high specification fleets -- we're looking at you, Seadrill (NYSE:SDRL), Ensco (NYSE:ESV), and Transocean (NYSE:RIG).

The reason the Gulf will require more high-tech rigs is because 91% of the most recent oil discoveries in the Gulf have taken place in the deepwater regions, and there's little room for compromise when someone tries to drill a well at water depths as great as 10,000 feet. To find out more on why these three companies are in a better position than their peers, and why Seadrill is quite possibly the best positioned, tune into the video below.

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Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter, @TylerCroweFool. 

The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill and Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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