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This Offshore Drilling Stock May Thrive Despite Falling Oil Prices

2014-11-21 06:36:45| Oil & Gas - Topix.net

NEW YORK -- The offshore drilling market has been struggling with overcapacity and falling crude oil prices, but Atwood Oceanics In an email to TheStreet , Mark Mey, Atwood's chief financial officer said the offshore driller is one of only two expected to grow revenue and earnings per share into 2016. Mey didn't mention the name of the other driller, but it's likely Houston-based Rowan Companies , which has forecast revenue growth for 2015.

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