Offshore drilling industry research

GULF OF MEXICO - MAY 11: The Development Driller III, which is drilling the relief well, is seen at the site of the Deepwater Horizon oil spill May 11, 2010 off the coast of Louisiana in the Gulf of Mexico. Oil is still leaking out of the Deepwater Horizon wellhead at a estimated rate of 1,000-5,000 barrels a day. (Photo by Gerald Herbert-pool/Getty Images)


-There may be significant value plays in the offshore drilling industry due to the downturn. The only way to find value is to research the entire industry.

-The industry may be horrible on an economic standpoint, yet there may be soggy cigars on the street labeled “The Offshore Industry”.

Full analysis can be found at: