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Deepwater Drilling Remains Strong

By Paul Chi – Updated Apr 7, 2017 at 12:21PM

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In today's edition, Paul and Matt discuss deepwater drillers. Thanks to the ever-growing demand for oil from developing markets and the lack of easy-to-reach oil, companies are turning more and more to unconventional sources such as deepwater, shale, and oil sands. This has led to a strong pricing environment for deepwater drillers such as Transocean and Noble, which boast several 10-year commitments on ultra-deepwater drilling rigs. Watch the video for Paul and Matt's take on these developments.

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Matthew Argersinger and Paul Chi have no positions in the stocks mentioned above. The Motley Fool owns shares of Transocean. Motley Fool newsletter services recommend Chevron. We Fools don't 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.

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