Will Seadrill Hijack the Jackup Rig Market As Well?

Investors in the rig market shouldn't be shocked at all that Seadrill (NYSE: SDRL  ) has been able to capture market share from its competitors in the floating-rig market during this recent downturn. What some may have not noticed, though, is that it is doing the same in the jackup market as well. The company recently signed $300 million in contracts for its jackup fleet for over two years of service, while both Hercules Offshore (NASDAQ: HERO  ) and Rowan (NYSE: RDC  ) have not seen as great of success recently.

Should this make investors in Hercules and Rowan nervous? While both still have a considerable amount of their fleet under contract, there is one thing that should make investors in one of these companies very nervous. Tune into the video below to find out what it is.

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  • Report this Comment On April 15, 2014, at 4:13 PM, kinsing wrote:

    with crude oil at the high of the year,demand for rigs will follow. Drillers should do very good.Get in when nobody like it.

  • Report this Comment On April 16, 2014, at 5:45 PM, ellaerdos wrote:

    Long on SDRL.

    .7)

  • Report this Comment On April 18, 2014, at 11:47 PM, Heidikitty wrote:

    With the most up to date rigs in the market and excellent leadership SDRL should do well and I am holding.

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