We see the potential for rig shortages in a number of international regions over the next several years, which, if realized, would likely benefit the company. ATW has an upcoming June 30 deadline to exercise an option for a potential second newbuild floater; if exercised, this rig would represent ATW's eleventh drilling rig. We think it is more likely than not that ATW will exercise the option, given expected strength in deepwater demand, and ATW's recent willingness to construct new rigs without prior commitments.
Upon second thought, I think the stock is well over its 5% buy point which using the CANSLIM method I would estimate to be in the $112 range. Therefore, IM OUT!
Upon second thought, I think the stock is well over its 5% buy point which using the CANSLIM method I would estimate to be in the $112 range. Therefore, IM OUT!
While energy stocks are going through the roof and energy producers having a ball, Atwood Oceanic is my recommendation for a great stock to compliment your energy position. During the gold rush days, not all prospectors struck it rich, some found gold and some didn't.. the people who were consistently getting rich were those who went out west and provided services to the minors such as banking, groceries & supples.. Atwood are the ones who build Oil barges and other oceanic drilling equipment and rather than take the risk of a dried up well, they simply lease their rigs to those who h...
Monday: Economic Existing Homes (5.05M) Earnings Campbell’s (CPB), CBRL (CBRL), Atwood (ATW), Citi Trends (CITI), Donaldson (DCI), Hewlett Packard (HPQ)
Tuesday: Economic GDP & Chain Deflator (-0.6%, 4.2%), Consumer Confidence (39.5) Earnings American Eagle (AEO), Daktronics (DAKT), DR Horton (DHI), DSW (DSW), Vimpel (VIP), Blue Coat (BCSI), J. Crew (JCG), Dollar Tree (DLTR), Hormel (HRL)
Wednesday: Economic Weekly Crude, Durable Orders (-2.5%), Weekly Claims, Inc & Spend (0.1%, -0.7%), Chicago PMI (38.5), Michigan (58), New Home Sales (450K) Earnings Deere (DE), Tiffany (TIF), Teekay (TK)
The accompanying chart presents an 8-week analysis of global coal futures prices as a follow-up to my previous 5-month analysis last month, Market Vectors Coal ETF (KOL), PowerShares Global Coal ETF (PKOL), S&P 500 ETF (SPY), U.S. Natural Gas (UNG) + Oil (USO) Funds, and the Energy Sector ETF (XLE). The global price of coal is tracked by the near-month coal futures contracts from the U.S. (QL – Central Appalachian NYMEX Coal Futures), South Africa (AFR – Richards Bay ICE Coal Futures), and Europe (ATW – Rotterdam ICE Coal Futures) – posting a decline of 38% on an equally-weighted average of
The accompanying chart presents an 8-week analysis of global coal futures prices as a follow-up to my previous 5-month analysis last month, Market Vectors Coal ETF (KOL), PowerShares Global Coal ETF (PKOL), S&P 500 ETF (SPY), U.S. Natural Gas (UNG) + Oil (USO) Funds, and the Energy Sector ETF (XLE). The global price of coal is tracked by the near-month coal futures contracts from the U.S. (QL – Central Appalachian NYMEX Coal Futures), South Africa (AFR – Richards Bay ICE Coal Futures), and Europe (ATW – Rotterdam ICE Coal Futures) – posting a decline of 38% on an equally-weighted average of
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About Atwood Oceanics Inc.
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