PRINCETON, N.J., April 4, 2003 (PRIMEZONE) -- FindProfit (www.findprofit.com), an investment advisory service that delivered a +73% audited return in 2002, announced today that it has published comments on the investment prospects for five natural gas price-levered drilling plays. Among the companies analyzed are GlobalSanteFe (NYSE:GSF) and ENSCO (NYSE:ESV).
A portion of FindProfit's drilling sector coverage is based on takeaways from the 31st annual Howard Weil Energy Conference in New Orleans that was held March 30th to April 3rd. As part of its analysis, FindProfit also looks at the upside opportunities for leveraged drilling plays such as Pride International (NYSE:PDE) and Parker Drilling (NYSE:PKD).
All paid and trial FindProfit subscribers can now receive immediate access to FindProfit's exclusive reports and ongoing commentary and analysis about the drilling sector. As a trial or paid subscriber, you'll also gain access to our latest investment moves in this area. Start your 30-day free trial today: http://www.findprofit.com/subscribe.php3?refer=zone8
FindProfit's latest analysis of the drilling sector covers the following details (and much more):
-- GSF: When will Exploration & Production companies start increasing their drilling budgets with the likes of GSF in response to higher natural gas prices? How big of an issue is the weak state of E&P balance sheets?
-- ESV: Will natural gas prices sustain themselves at higher than expected levels throughout the summer, thus driving an uptick in business for the likes of ESV?
-- PDE: How levered is PDE - at a 50% plus debt/equity ratio - to a turn in drilling spending? What if a turn doesn't occur?
-- PKD: Will PKD succeed in selling its unprofitable Gulf of Mexico business?
AND MORE
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