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Especially those able to drill in very deep water.  Our U.S. Congress may have their head in the sand on drilling but most companies worldwide are developing their resources as fast as possible.  Worldwide demand for oil may be retreating for a while but eventually high demand will return. 

RIG is the biggest and has the best fundamentals among the drillers.

Filed under: Chesapeake Energy (CHK), Presidential elections, Oil, Stocks to Buy

I've been following the election closely for two years. For the most part, politics is a hobby of mine, but in this year's election my interest went much deeper.

I recognized very early that the 2008 vote would be monumental on so many levels and investment opportunities would abound. I even outlined the impact of the policies of each candidate on the market in an election gallery.

Now that the results are in with the Democrats taking significant control of the executive and legislative branches, I want to drill d

With the pullback in oil, many of the oil service companies have seen a dramatic decline. This is strange as many are not linked directly to the commodity itself and still have very nice looking futures ahead.

The best looking of the bunch seems to be Transocean (RIG). They not only have a monopoly in the area of deep oil drilling, but they are financially sound and in a sector that looks good going forward. Even with the price of oil at $100 a barrel, it is profitable to pay Transocean as much as $500,000 per day. Since many of the large land finds with respect to oil are gone, exploration

"Our Forecasts Focus List contains only two energy stocks, both of which are in the oil services sector: Oceaneering International (NYSE: OII) and Transocean (NYSE: RIG)," says blue chip advisor Richard Moroney.

The editor of Dow Theory Forecasts says, "While stocks in this group tend to move with oil prices in the near term, their profits depend more on exploration spending than on commodity prices."

"Concerns about slowing demand for crude oil and refined products both in the U.S. and overseas have many investors worried. But investors in the equipment and services group should not panic.

"Mo

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

"Our 'Forecasts Focus List' contains only two energy stocks, both of which are in the oil services sector: Oceaneering International (NYSE: OII) and Transocean (NYSE: RIG)," says blue chip advisor Richard Moroney.

The editor of Dow Theory Forecasts says, "While stocks in the equipment and services group tend to move with oil prices in the near term, their profits depend more on exploration spending than on commodity prices."

"Concerns about slowing demand for crude oil and re?ned products both in the U.S. and over

Crude oil's price has fallen from over $145 in July to under $115 in August and there is every indication it will fall further, at least in the short-term, as expectations of global economic growth and the associated thirst for energy are both trimmed. As irrational as was the rapid surge to nearly $150 oil, current sentiment could easily take oil to $100 or lower, despite the predicted continued growth in long-term demand. Mr. Market, as is often the case, is hardly rational or efficient in the short-term -- his wild exuberance in driving the price of black gold sky-high has now been repla

As a Value Investor, I routinely find myself stepping in front of "Moving Trains" to buy beaten up stocks. Sometimes when you do this, you get run over and end up catching a "Falling Knife". Other times, you find yourself at the beginning of a "Hockey Stick curve climb" (sorry, Canadians have to refer to Hockey once in a while!)

With the incredible fall of the price of oil recently, many oil services stocks have been dragged down considerably. Some of the observed drop in these stocks might not be fully warranted, though. Although their clients (namely the Large Oil Companies and Nation

The same pattern we've seen in many oil service stocks played out in Transocean (RIG) yesterday. Solid earnings. Falling on deaf ears. Due to the mix of ships (they have a lot of shallow drillers who have much higher competition levels) I prefer some other names in the sector in the here and now, but for the long run RIG is bringing on the most supply of deep sea drillers which is where the real money is.

The chart is actually breaking out - unfortunately to the benefit of shorts, not longs. The 50 day moving average ($144) is quickly closing in on the 200 day ($136s) - the last thing you wa

With the gloomy financial news coming out of Wall Street, it may be tempting to bail out of all US equities and invest in a Russian ETF. But that would be a bad decision. A bear market creates buying opportunities.

We invest to make money but your portfolio can also reflect your moral and nationalistic ideals. A country is a family. Everyone matters. Never quit. Never turn your back. I recommend buying innovative American companies with a significant customer base in emerging markets (line your pockets while reducing the trade imbalance). The current landscape is littered with good bargains

Barron's interviews Omega Advisors' top money managers Lee Cooperman and Steven Einhorn, whose fund has returned 16% annually since 1991. They think the market's downside is limited, as perhaps is its upside, but that there is an abundance of quality stocks available now - on the cheap.

We are buying plenty of attractively valued securities, but this is not an environment to be complacent... The ingredients for a decent bottom are in place, but any significant upside is going to require help from two areas. No. 1, we have to see a bottoming in home prices. No. 2, we are going to have to se

• Transocean Inc. (NYSE:RIG - News) today announced that its deepwater drillship Deepwater Pathfinder, a single-activity rig capable of drilling in water depths up to 10,000 feet, has been awarded a five-year contract

Filed under: Nucor Corp (NUE), Freep't McMoRan Copper (FCX), Stocks to Buy, Potash Corp. of Saskatchewan (POT)

Filed under: International markets, Newsletters, Mutual funds, Halliburton (HAL), Schlumberger Limited (SLB), Commodities, Oil, Stocks to Buy

The need for oil drilling services will continue even if the price of oil declines, according to Richard Lehmann. Here, in his The ETF Investor, he looks at a favorite way for investors to play this trend.

"Oil prices have a triple or quadruple price boost associated with them. The first is supply/demand dynamics, the second is the weak dollar, the third is speculative fervor and the fourth inflation fears.

"A pundit said that last year it took 65 Euros