Diving Into a Pair of Deepwater Plays

Energy technology has undergone a transformation over the last couple of decades. I have covered the huge expansion of domestic shale oil-and-gas production enabled by new fracking technology in previous articles. The evolution in deepwater drilling technology is just as impressive. A generation ago, drilling in 500 ft.-1,000 ft. of water was considered a major accomplishment. Today, massive drillships and rigs can drill in 12,000 ft. of water and can accommodate 200 personnel as well. As cheap oil gets harder to find and produce, this new technology will allow production to keep up with demand -- albeit at higher price points.

Here are two speculative deepwater drillers that could richly reward shareholders as deepwater demand increases and they execute against their strategic plans....392 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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