Who ultimately killed the electric car? America's 401k's and IRA's invested in oil-related companies, who were only seeking to protect and stregthen shareholder value.
And the OIL game hasn't changed, and won't change for years. Oil is still in demand with increasing populations and production. Although oil commodity prices will rise and fall, the need for drilling in new locations will always continue to more efficiently barrel new oil from newly discovered and increasingly scarce sources. Regardless of whether a Democrat or Republican becomes president, the multi-layered global energy infrastructure hugging crude oil would naturally will take decades of international lobbying to stop oil along with a meaningful, public interest to tear down the house we live in and build a new one.
Huge EPS is due Feb 20, plus RIG enjoys long-term story EPS growth guidance of 180% 58% next year. AND revenue growth 75% this year, 80% next year. And what's the P/E? RIG is so cheap, an opportunity like this could only happen in a bear market.
Same with MOS (to grow more corn commodities to meet demand with the same limited land resources), WBD (Russian dairy growing with Russian pop growth), GNK (iron ore, coal, grain, steel products and other drybulk cargo shipping), BRP (Brazilian telephone, internet, and wireless subscriptions), and MBT (Russian telephone, internet, and wireless subscriptions!).
Huge '07 oil profits creates opportunity and increased interest to explore and discover new spots for offshore contract drilling for oil and gas wells, and capture the inventory before someone else does. Guidance in the wake of the Venezuela scare will only encourage more new drilling contracts to release America from Venezuela, co-founder of OPEC.
As of February 2, 2007, Transocean's fleet was located in the Far East (14 units), India (12 units), the United States Gulf of Mexico (11 units), United Kingdom (10 units), Nigeria (eight units), the Mediterranean and Middle East (seven units), Brazil (six units), Norway (five units), other West African countries (five units), Australia (one unit), Canada (one unit), the Caspian Sea (one unit) and Venezuela (one unit).
$129.42 (02/15/08)
