BMR Updates Outlook on Deepwater Drilling Stocks: TransOcean, Pride International, Noble, & SeaDrill

Oct 12, 2010, 10:05 ET from Indie Research Advisors, LLC

PRINCETON, N.J., Oct. 12 /PRNewswire/ -- The Bull Market Report (BMR) (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers with updated coverage of several deepwater drilling stocks, including TransOcean (NYSE: RIG), Pride International (NYSE: PDE), Noble (NYSE: NE), SeaDrill (NYSE: SDRL), and DryShips (Nasdaq: DRYS).

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In its daily report, BMR wrote: "Swiss-based Noble is an offshore drilling contractor for the oil and gas industry. The company owns a fleet of 69 offshore drilling units (including 5 newbuilds), including 43 jackups, 14 semisubmersibles, 10 drillships, 2 submersibles, and 1 FPSO. That gives the company the second largest fleet behind TransOcean, which has 138 drilling units.

"Noble gets approximately 38% of its business off the coast of Brazil and 24% from the U.S. Gulf of Mexico, making those two geographies its biggest by far. Shell is its biggest customer, representing 56% of its backlog, with a distant second at 25%."

BMR looked at the following topics, among others:

-- Which deepwater driller looks like a takeover candidate and what company might acquire it?

-- Which two drillers have minimal exposure to the Gulf of Mexico?

-- After saying Pride International was one of the best ways to play the fallout of the BP Oil spill in June, what are BMR's latest thoughts on the stock now that it has risen over 30%?

-- Does SeaDrill's dividend look sustainable?

-- What company-specific issues is Noble currently dealing with?

-- Does DryShips' venture into deepwater drilling look like a good move?

About BMR:

Launched in 1997, The Bull Market Report has a strong track record of creating wealth for its subscribers by providing sound, long-term investing advice. BMR's Recommended List includes about 50 companies across all major industries, including Financials, Healthcare, Energy, Technology, and Retail, among others. BMR is one of the oldest continuously published investment newsletters online, and its Recommended List has consistently outperformed the major market indices.

NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact:

Indie Research Advisors, LLC

Marcie Martin, +1-888-278-5515

SOURCE Indie Research Advisors, LLC



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