Atwood Oceanics (ATW): Exploding demand in offshore drilling - Steven Halpern

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1 pt	Atwood Oceanics (ATW): Exploding demand in offshore drilling
	May 15, 2008 02:24 PM UTC

Steven Halpern

Return	Risk
-22.89%	LOW

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Symbol	Sentiment	Start	Return	Closed
ATW		05/15/08	-69.48%	--

Via BloggingStocks:

Filed under: Newsletters, Commodities, Oil, Stocks to Buy

"Atwood Oceanics Inc. (NYSE: ATW) is our bet on the exploding demand for offshore oil drilling rigs," says international investment expert Nick Vardy.

The editor of Global Bull Market Alert explains, "Although it's had a big run recently, the stock is as technically oversold as it was when global markets bottomed in mid-March." Here, he outlines why he believe the stock will perform strongly in the coming months.

"Atwood Oceanics Inc. engages in the offshore drilling of oil and gas wells worldwide. It operates eight offshore mobile drilling units located in six regions of the world, including offshore Southeast Asia, Africa, India, Australia, the Black Sea, and the Gulf of Mexico.

"Atwood is a leveraged play on the price of oil. Oil prices have now blown past the original estimates of major investment banks.

...

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Atwood Oceanics Inc. (ATW)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

92.0%

Top:

100.0%

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