Getting positioned in offshore oil
July 18th, 2008
This stock has long been one of my favorites but now that it’s back to a moderate price there is plenty of reason to love it. Rowan Companies (RDC) leases offshore drilling platforms to oil companies who use them to bring up from the depths of the sea. With oil prices at a new high, the company has been able to lease some drilling equipment for record amounts of money, some for over $300,000 per day. Read more…
