Contract drillers aren’t in the business of exploring for or producing oil and natural gas, nor are their earnings and revenues directly dependent on the vagaries of global commodity markets. But since the contract drilling business is sensitive to spending on oil and gas exploration and development, the industry’s up-cycles and down-cycles are driven by the same factors that influence conditions in the market for oil-field services.
Contract drillers own fleets of drilling rigs–equipment used to sink oil and gas wells–and lease those units to exploration and production companies under term contracts that guarantee a daily fee.
Your complete guide to energy investing, from growth stocks to high-yielders.
In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on Mar. 25, 2021
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.