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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (33898)3/26/2009 2:53:34 PM
From: E_K_S  Read Replies (2) of 78742
 
Hi Paul

More Deep drilling support companies. DRIL QUIP INC (NYSE:DRQ) & OCEANEERING INTL INC (NYSE:OII)

These two were recently discussed on CNBC.
finance.yahoo.com

DRQ seems the most interesting. They supply the drill heads. They have little debt and insiders own 23% of the company thus a vested interest to see the company perform well. PE is around 12. Stock up from it's low but perhaps one to watch on any sell off. If stock trades back down to $20, it might be a good value proposition.

OII provides remotely operated vehicles, mobile offshore production systems, built-to-order specialty hardware, engineering and project management, subsea intervention services, nondestructive testing and inspection, and manned diving. This one is up from it's recent lows. They have $4/share LT debt (small), PE of 11 and are quite profitable.

DRQ is my favorite especially with the insiders ownership. Both may be ones to watch.

EKS
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