Deutsche Bank: Hope Is Not Lost For Offshore Drillers

In a new report, Deutsche Bank analyst Mike Urban explained why offshore drilling investors have reason for optimism. Despite talking share prices and a weak near-term demand outlook, Urban believes that offshore drillers remain a secular long-term growth story.

Patience Required

According to Urban, the consensus view that deep-water drilling is structurally flawed is misguided. Unfortunately for investors, the turnaround will not be happening any time soon. Deutsche Bank is projecting long-term (10-year) demand for 320 floating rigs versus only 225 currently active rigs.

However, demand weakness likely means that deep-water rig count has not yet bottomed. Urban projected that it could hit as low as 194 by the second half of 2016.

Restructuring Required

Deutsche Bank is calling for…

Click here to continue reading

My book is on sale for just $0.99 through the end of September only!

Then it goes back to its regular price of $79.99, so you’d better get it now….

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!