Onshore drilling rig companies Loading... : Investor Sentiment and Bull/Bear Views
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19:08
Aug 26
Aug 26
Onshore rigs offer replacement-cost upside.
His favorite way to play oil now is onshore drilling rig companies, which trade at pennies on the dollar relative to replacement cost. Historically, cycles move these rigs from large discounts to large premiums to replacement cost to induce new investment. He prefers onshore over offshore because offshore rig companies are complicated and a Macondo-style spill could put one out of business.
HIGH
About Onshore drilling rig companies Investor Commentary
Across the available history and selected sources, Buzzberg tracks Onshore drilling rig companies across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Josh Young.