There's ample business to come in offshore energy development, what with
the huge discoveries of oil and gas in the waters off Brazil, and both
East and West African countries. The question, however, is how much of
that is already reflected in the valuation of equipment companies such
as
National Oilwell Varco (NYSE:
NOV),
Aker Solutions (OTC:
AKKVF) and
Dril-Quip (NYSE:
DRQ). In the case of the latter, it looks like quite a lot.
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http://www.investopedia.com/stock-analysis/2012/The-Market-Is-Already-Expecting-Big-Things-At-Dril-Quip-DRQ-NOV-PBR-GE0924.aspx
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