DRYS is known as a bulk shipping company, but it has been expanding into the ultra deep sea drilling business. 2011 is the year in which it finally receives its new build ultra deep sea drilling ships. This is the time to begin really expecting DRYS to grow. It will not have a continual drain from these new drill ships. Instead they will be more than paying for themselves as they go into use. Does anyone believe that state of the art ultra deep sea drill ships will have trouble finding work when oil demand and prices are increasing continually without a commensurate build in supply? The latest survey of oil analysts estimated that oil use was going to expand by 300K more barrels per day than the Dec. 2010 survey. Now it is due to expand by 1.5M bpd to 89M bpd by the end of 2011.
The growth projections for DRYS are good. The Price/Book ratio is a fantastic 0.45. You may be getting twice the value that you are paying for the stock. Plus the current price of $3.76 is $2.69 below the 1 year average analysts price target. That's a 71.5% gain on your investment if it comes to fruition. If the gain is less, you are still likely to make good money. uqte http://spiror.blogspot.com/2011/06/stocks-spotting-investing.html
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ReplyDeleteDRYS is known as a bulk shipping company, but it has been expanding into the ultra deep sea drilling business. 2011 is the year in which it finally receives its new build ultra deep sea drilling ships. This is the time to begin really expecting DRYS to grow. It will not have a continual drain from these new drill ships. Instead they will be more than paying for themselves as they go into use. Does anyone believe that state of the art ultra deep sea drill ships will have trouble finding work when oil demand and prices are increasing continually without a commensurate build in supply? The latest survey of oil analysts estimated that oil use was going to expand by 300K more barrels per day than the Dec. 2010 survey. Now it is due to expand by 1.5M bpd to 89M bpd by the end of 2011.
The growth projections for DRYS are good. The Price/Book ratio is a fantastic 0.45. You may be getting twice the value that you are paying for the stock. Plus the current price of $3.76 is $2.69 below the 1 year average analysts price target. That's a 71.5% gain on your investment if it comes to fruition. If the gain is less, you are still likely to make good money.
uqte
http://spiror.blogspot.com/2011/06/stocks-spotting-investing.html
http://seekingalpha.com/article/274107-big-exxon-mobil-gulf-oil-discovery-should-boost-deep-water-drillers
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