The oil services company enacts its first payout boost since 2007 and says it intends to pay out at least 15%-20% of its net income in future periods.
Shares should reach $45, or 10% higher at some time this year. The improved profitability and international strength is hard to ignore.
Buying Exxon or BP might not be the best way to profit from this energy trend anymore.
Not everyone enjoyed offshore success in 2012.
And the companies that produce them..
Cameron is churning out revenue in the deepest depths of the world's oceans.
Why FMC Technologies is one to watch.
Halliburton is calling the bottom, and sees margin growth picking up.
A soft North American market clearly hurt Halliburton, but there are far brighter skies ahead.
Halliburton management believes that North American margins could have bottomed. How was the company's fourth quarter affected?