“Deep Sea Drillers on National Geographic” - Must Watch for Oil Service Stocks and OIH
Spectacular documentary I saw tonight on National Geographic. Part of the MegaMovers series. Don’t worry, its not one of those old school black&white slideshows you saw in school. A must watch for anyone trying to learn about the oil and oil service industry as it showcases the various planning, logistics, and technologies/ships required to build a natural gas field in the Gulf of Mexico. If you have any oil service stock, whether it be Schlumberger (SLB), TransOcean (RIG), Baker Hughes (BHI), or XTO Energy (XTO), you can’t miss this. This is part of going beyond the basics of financials/technicals and actually understanding the business. Here’s the program summary:
Deep Sea Drillers [TV-G Ratings N/A] (airs Friday, October 26, 12AM, Saturday, October 27, 1PM)
“In an attempt to tap some of the most inaccessible natural gas on the planet, five vessels are building an 1,800 square mile gas network in the Gulf of Mexico. This record breaking project costing more than $2 billion dollars could produce enough gas tonearly 5 million U.S. households. View 1 miles below the oceans surface to witness this project in action and see how the worlds largest pipe laying ship, which carries 22,000 tons of pipes or the equivalent weight of more than 1,000 jet planes.”
Program website: Deep Sea Drillers[TV-G Ratings N/A]
**Disclosure: author is long RIG**
