Global demand for crude and natural gas will steadily grow over the next few
decades...regardless of USA energy needs. This is bore out in the spread
Between WTI and Brent crude prices. Emerging economies will continue to
support energy demand and prices for the next 25 to 50 years.
Crude is harder to locate each year. Deep sea E&P will be a larger portion
of recoverable crude resources in the future. at the same time safety and
crude production efficiencies in hostile weather/climate environments will necessitate
enmploy by the super major energy
firms and national energy producers.
The weather/climate environments combined with the super major energy firms
demand for safer and more efficient E&P technologies place PACD exactly in
the prime area for UDW E&P growth and profits.
PACD is totally levered to UDW drilling ships with the "best forthcoming"
technologies. Their balance sheet is strong and they have very good supoert
from the banking and energy industries. Dual gradient drilling will become the
benchmark for UDW E&P throughout the globe.
PACD under $ 10 is an outstanding value for any long term investor.
P.S. Sorry for the technical gliche from the above 2 postings, that should have been one.....