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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (13128)	11/17/2012 1:43:50 AM
From: Aggie	2 Recommendations Read Replies (1) \| Respond to of 34328

My two cents on SDRL and RIG - I own both. SDRL is the better prospect in my opinion. Transocean's iron is old, mostly. They have recently been able to sell off their antiquated jackup fleet, but for fairly low dollar value. The remainder of the mid-water rig fleet is mostly old too - and a lot of it is stacked right now, meaning no revenue is being earned. Some of those rigs will likely not be reactivated any time soon, if at all (by Transocean that is). On the other hand, SDRL is leading the market. John Fredriksen does not have a history of taking half measures or losing his bets with the market. They are spinning off the lucrative, long-term contract semi-tender market and also have a substantially newer fleet. The dividends speak for themselves - RIG went through a brief period where they offered a dividend but that has ended while SDRL keeps cranking them out. Aggie