Offshore Drillers: ‘Little Risk in Going Long’

The Zephirin Group’s Longdley Zephirin contends there’s “little risk in going long” offshore drillers like Transocean (RIG), Ensco (ESV), Noble (NE) and Diamond Offshore Drilling (DO). He explains why: Agence France-Presse/Getty Images Offshore Driller investors have zero conviction on the outlook for 2016 given that share prices are now below fair value. Beginning in Q4, […]