The 'Cadillac' of Land Drillers

When you spend as many hours a week as I do grinding through analyst reports, investor presentations and earnings transcripts, you get pretty good at identifying the best-run companies in any given sector. The land drillers have not had an easy go over the last five years as low natural gas prices curtailed land drilling for natural gas significantly in favor of oil and liquid plays, as well as an increase in offshore activity. But one company that has managed the downturn much better than its peers is Helmerich & Payne (HP). I consider it the "Cadillac" of land drillers. It popped up on my radar this week when as it announced that it is more than tripling its dividend payout (which I cover in more detail below).

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