SeaDrill, Pengrowth See Profits, Higher Dividend

Thursday, July 07, 2011

Companies in the Oil & Gas Drilling & Exploration sector have posted surging top lines in recent quarters as global oil consumption continues to grow. With profits on the upswing, several explorers have begun boosting dividend payments. The Bedford Report examines the outlook for companies in the Oil & Gas Sector and provides equity research on SeaDrill Ltd.SDRL +1.38% and Pengrowth Energy Corporation PGH +1.16% CA:PGF +0.88% . Access to the full company reports can be found at:

www.bedfordreport.com/SDRL
www.bedfordreport.com/PGH
 
The US drilling sector will need to work through new safety and environmental regulations that arose out of last year's Gulf of Mexico oil spill. While acquiring permits was initially difficult, the US government has recently released a new, more-efficient, application process that should make the sector's battle a little easier.
 
In Canada, Regulation of the oil and gas sector is designed to protect drinking water and water quality in lakes and streams. The specific regulations vary between jurisdictions but in all cases, Canadian shale gas production always isolates and protects drinking water from gas operations.
 
The Bedford Report releases investment research on the Oil and Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
 
SeaDrill Limited is an offshore drilling contractor, providing offshore drilling services to the oil and gas industries worldwide. SeaDrill pays one of the heftiest dividends in the Offshore Drilling industry. Presently, the company pays an annual dividend of $2.80 for a yield of around 8.5 percent.
 
Presently, Pengrowth pays an annual dividend of 85 cents a share for a yield of around 6.8 percent. Last month the company said it shut in a portion of its Judy Creek field in northern Alberta after one of its smaller pipelines ruptured. Pengrowth said it has shut in about 3,000 barrels per day because of the line breach.
 
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0838 sec (12 req/sec)