5 Best Promising Stocks To Buy For 2015: Vantage Drilling Company(VTG)
Vantage Drilling Company, through its subsidiaries, provides offshore contract drilling services to oil and natural gas companies in the United States and internationally. The company offers drilling units, related equipment, and work crews under contract to drill oil and natural gas wells; construction supervision services; and operates and manages drilling units owned by others. Its customers primarily include multinational oil and natural gas companies, government owned oil and natural gas companies, and independent oil and natural gas producers. The company owns and manages four jackup rigs and three drillships. Vantage Drilling Company was founded in 2007 and is based in Houston, Texas.Advisors' Opinion:
- [By Ben Levisohn]
Despite the recent pain for offshore drilliers like Diamond Offshore Drilling (DO), Noble (NE), Transocean (RIG) and Vantage Drilling (VTG), RBC Capital Markets’ Robert Pinkard and team don’t think it’s time to buy their stocks. They explain why:
- [By Dimitra DeFotis]
Global Hunter also lowered its rating on Natural Gas Services Group (NGS) and Vantage Drilling (VTG). Global Hunter writes:
The market seems to be showing fatigue particularly with positive onshore oil service data points that may nolonger seem incremental. Investors have become especially focused on potential issues and macro concerns. We believe this phaseof enhanced risk perceptions will pass and still recommend owning selective stocks based on attractive valuations and healthyfundamentals. Of the 16 oilfield services companies having reported their quarters to date, the share price changes have at timesbeen difficult to tie to specific results. … Five of the 12 companies who have beaten earnings expectations have seen their share prices drop on the day, including Basic Energy Services (BAS) (-9.0%), Baker Hughes (BHI) (-2.5%), National Oilwel! l Varco (NOV) (-1.5%), Oceaneering (OII) (-4.2%), and Schlumberger (SLB) (-2.0%). Other stocks beating expectations have traded higher as expected, including Cameron International (CAM) (+4.1%), FMC Technologies (FTI) (+3.1%), Mitcham In dustries (MIND) (+3.8%), Nabors Industries (NBR) (+1.2%), Patterson-UTI Energy (PTEN) (+1.8%), RPC (RES) (+8.4%), and Weatherford International (WFT) (+2.3%). Companies which have missed have universally seen their share prices decline, including Diamond Offshore Drilling (DO) (-4.3%), Gulfmark Offshore (GLF) (-0.1%), and Hercules Offshore (HERO) (-6.9%). Halliburton (HAL) was in line and flat on the day.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/5-best-promising-stocks-to-buy-for-2015-2.html