ENSCO (ESV): A 'winner' in deepwater driller

"Large oil discoveries in deep-water off the coast of Brazil has triggered another major long-term round of contracts for the leading international drillers," says Eric Roseman.

The editor of Commodity Trend Alert explains, "This bull market is accelerating and we must grab it by the horns now." Here, the resource expert looks at ENSCO International (NYSE: ESV).

"The Brazilian find sits thousands of feet below the surface and only the major drillers can get to that oil. Other fields in Russia, the North Sea and off the coast of Indonesia require the drillers.

"The order backlog has become enormous and following the Brazilian offshore find, will create an even deeper backlog. It's time to boost our allocation to the oil equipment and services companies.".

"The leading drillers, in my opinion, are still undervalued relative to their earnings prospects. And one great com