With the price of oil breaking $100 a barrel and poking around $105 per barrel, maybe now is the time to look at the explorers and drillers of oil and natural gas. Did you know that the first oil drilling took place in the 9th century in the area around where Azerbaijan is.
Here are some of the largest oil drillers and explorers by market cap:
PETROLEO BRASILEIRO (PBR) is a Brazilian based explorer and producer of oil and gas in in Argentina, Angola, Bolivia, Brazil, Colombia, Ecuador, Equatorial Guinea, Iran, Libya, Mexico, Mozambique, Nigeria, Paraguay, Peru, the United States, Tanzania, Turkey, Uruguay, and Venezuela. The stock has a P/E of 19 and a yield of 0.3% .
STATOILHYDRO ASA (STO) is a Norwegian based producer and distributor of petroleum. The stock has a P/E of 8 , a PEG of 2.13 and a yield of 1.8% .
TRANSOCEAN INC (RIG) is an offshore drilling contractor with a speciality of deepwater drilling. The stock has a P/E of 10 , and a PEG of 0.27 .
DIAMOND OFFSHORE (DO) $16.7 B is a Houston, Texas based offshore oil and gas drilling contractor. The stock has a P/E of 20 , a PEG of 0.32 and a yield of 0.4% .
NOBLE CORP (NE) is a Sugar Land, Texas based contractor of oil and gas drilling services. The stock has a P/E of 11 , a PEG of 0.4 and a yield of 0.3% .
NABORS INDUSTRIES (NBR) is a Bermuda based oil, gas, and geothermal land driller in the United States, Canada, South America, the Middle East, Asia, and Africa. The stock has a P/E of 10 , a PEG of 0.73 .
ENSCO INTERNATIONAL (ESV) is a Dallas, Texas based offshore contract driller in North and South America, Europe, Africa, and Asia. The stock has a P/E of 9 , a PEG of 0.35 and a yield of 0.2% .
ENERPLUS RESOURCES (ERF) although primarily a Canadian based oil and gas investment trust, also does development drilling. The stock has a P/E of 16 and a yield of 11.8% .
PRIDE INTL (PDE) is a Houston based provider of offshore and onshore contract drilling services to oil and natural gas companies. The stock has a P/E of 8 , and a PEG of 0.61 .
SANDRIDGE ENERGY (SD) is an Oklahoma based explorer and producer of oil and natural gas. The stock has a P/E of 412 , and a PEG of 3.14 .
Author does not own any of the above.
By Fred Fuld at Stockerblog.com