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More Bullish Signs for Deepwater Drilling

By Travis Hoium - Apr 25, 2013 at 2:30PM

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Strong day rates in ultra-deepwater make this an attractive industry.

Seadrill (SDRL) and Noble (NEBLQ) reported earnings last week. While they didn't wow investors, there's reason to be bullish in the future. Both companies have more ultra-deepwater rigs coming online over the next two years, which should drive revenue and earnings growth. Erin Miller sat down with Fool contributor Travis Hoium to see why he's bullish on the industry.

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