Do Any of These Rig Companies Have a Shot at Being the Next Seadrill?

Ocean Rig UDW, Vantage Drilling, and Pacific Drilling all have one thing in common with Seadrill that could make them compelling investments

By Tyler Crowe – May 16, 2014 at 10:45AM EST

Investors' affinity -- like my own -- for offshore rig company Seadrill (SDRL +0.00%) can be boiled down to one key element: its fleet. With newer drillships and semi-submersible rigs that can handle some of the most complex jobs in offshore drilling, the company has a strong leg up over many of its compeitors. For those who follow the rig market closely, you may have also noticed some up-and-comers that have the same competitive advantage. Those companies are Vantage Drilling (NYSEMKT: VTG), Ocean Rig UDW (ORIG +0.00%), and Pacific Drilling (PACD +0.00%).

Newer rigs isn't the only trait that these companies share with Seadrill that could make them an attractive investment, though. Find out what else Vantage, Ocean Rig, and Pacific Drilling have in common with Seadrill, and what separates them from the industry leader, by tuning into the video below.

About the Author

Tyler Crowe is a contributing Stock Market Analyst for The Motley Fool. He has worn several hats over the past 14 years with the Fool from analyzing stocks, writing about them, talking about them, coaching others about stock writing, and...you get the idea. Tyler's true passion is turing over stones to find the oddball investments with incredible wealth building potential. If he isn't nose-deep in a proxy statement, Tyler is probably skiing somewhere. Tyler holds an M.B.A. from Collège des Ingénieurs (Paris), a, M.S. in Environmental Engineering, a B.S. in Civil Engineering, and a B.S. in Foreign Affairs from the University of New Hampshire.

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