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

To: deeno who wrote (21236)	11/28/2014 1:44:54 PM
From: JimisJim	1 Recommendation Recommended By Mattyice Read Replies (2) \| Respond to of 34328

Off the top of my head (because I've already crunched the numbers and read their financials) ESV would be my 1st choice as far as safest/surest bet... SDRL still comes in #2 simply because of the quality of their fleet on average and a very respectable backlog that should (no guarantees, of course) ensure they will not only survive but emerge very strong... for a 3rd choice, I'd have to dig a little. I've mentioned many times I would not touch DO or RIG any time soon, if at all (and I once had a lot of RIG 10 or so years ago when they were best in class)... HP would be worth a look -- they don't do a lot of really deep water stuff, but they do own some TLPs for shallower water and at least one spar for deepwater -- their roots are onshore, which I think is still their bread and butter... what makes them interesting is they borrowed from here and there and designed their own drilling system (Flex rig) which, the last time I talked to anyone about them, are well liked in applications that don't demand absolute brutish torque/power for really tough wells, but their Flex equipment is easy to use, install, rig up/rig down and can handle maybe 80% of drilling needs. They are run by absolute skin flints -- I remember when I was with VRC, someone screwed up and sent HP a set of manufacturing dwgs. of a gooseneck -- this was during a downturn when spare parts were about half of VRC's revenues at the time -- and HP reverse engineered it and started making their own for about 1/3 the cost of what we charged them. HP's dividend is not huge, but it has been increasing more aggressively in the recent past -- however, I'd want to do a more detailed study of their finances before giving them an actual endorsement.