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BUY Recommendation

posted Aug 27, 2009, 11:27 PM by Mohit Kumar   [ updated Aug 27, 2009, 11:29 PM ]
While our portfolio continues to shine, lets add some more excitement to it! The stock I am recommending today has nearly doubled in 6 months but there may still be a long way to go. Top, exciting businesses get a pass into our portfolio and this one gets it today:
  • Headquarters in Houston, Texas
  •  Engaged in the international offshore drilling and completion of exploratory and developmental oil and gas wells, and related support, management and consulting services
  • Charges high premium for its services.
  • Has a solid $1.2 billion revenue backlog!
  • A recovery in global oil demand will continue to drive its growth.
  • Faces competition from giants like Transocean.
  • Fall in oil prices and global demand could effect its business.
  • Stock has already soared quite a bit but there is a lot more growth to look for.
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