Getting one rig contract for several years is a major score for a company, so when Rosneft recently announced that it was going to contract North Atlantic Drilling's (NYSE: NADL) entire fleet for several years as part of its intention to take a 50% stake in Seadrill (SDRL), it possibly vaulted North Atlantic Drilling to the top of the ranks among rig company investments. Of course, it's not a coincidence that Rosneft has selected North Atlantic to do a majority of its future drilling program. The unique fleet of offshore rigs has put it in that position.
Find out why North Atlantic's fleet was so compelling for Rosneft and what investors should watch for as part of this deal by tuning into the video below.
