Energy Business Roundup: Ship Finance's Public Offering, Credit ...

Ship Finance International Limited (NYSE:SFL) has announced a public offering of 6 million shares. The company intends to use net proceeds for investment in new assets within the shipping and offshore sectors, and also for general corporate purposes.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Credit Suisse likes the position in which midwater rigs now find themselves, as accelerating demand linked with tight supply should drive dayrates higher into 2014. Diamond Offshore Drilling (NYSE:DO), Transocean (NYSE:RIG), and Ensco (NYSE:ESV) are the current favorites at CS, as they are experiencing the most midwater exposure, with twelve, nine and five rigs respectively racking up contracts through that year.

Don?t Miss: Gold & Silver: Protection Against the Fed?s Punch Bowl.

To contact the reporter on this story: staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: editors@wallstcheatsheet.com

Source: http://wallstcheatsheet.com/stocks/energy-business-roundup-ship-finances-public-offering-credit-suisse-loves-midwater-rigs.html/

whitney houston funeral live stream kevin costner whitney houston whitney houston funeral live pat buchanan slither slither naacp