Drilling Deep for High Dividends

The Bureau of Ocean Energy Management lifted the moratorium on deepwater drilling in the Gulf of Mexico last October. Since then, the bureau has approved 115 deepwater drilling permits, with 27 more pending. Offshore drilling companies are obviously not going out of business yet, and I would like to share with you one I particularly like. It's also a company that more than a few Motley Fool CAPS members like, too -- they give it a five-star score and a 100% bullish rating. That company is SeaDrill (NYSE: SDRL) , an offshore drilling contractor based in Bermuda. It provides shallow and deepwater drilling services around the world through its subsidiaries in Europe, Africa, the U.K., Asia, and the United States.... Read more