SOURCE: StockCall

StockCall

August 23, 2010 09:24 ET

Research on Pride International and Rowan Companies - Probing the Oil & Gas Drilling & Exploration Industry

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 23, 2010) -  www.stockcall.com/ offers investors comprehensive research on the oil & gas drilling & exploration industry and has completed analytical research on Pride International Inc.  (NYSE: PDE) and Rowan Companies Inc. (NYSE: RDC). Register with us today at www.stockcall.com/ to have free access to these researches. 

The drilling industry took a significant hit during the height of the Gulf oil spill and it appears there may be even more bad news for the industry. The results of government investigations into the causes of the leak has prompted an increase in investigations into other drilling operations as well as tightened safety measures. This could lead to production stoppages, fines and hefty capital investments into new equipment and repairs.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the oil & gas drilling & exploration industry can have easy and free access to our analyst research and opinions on Pride International Inc. and Rowan Companies Inc.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

In addition to the fallout from the spill in the gulf, drilling revenues have also been hampered recently by decreased demand in oil. The latest drop in demand appears to have resulted from strong global concern over the success of the rebounding economy. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

However, there could be a possible upside to the spill in the form of increased interest in natural gas drilling and production. The spill also seems to have accelerated the argument for decreased dependence on oil. Natural gas prices remain low but could see improvements as many investors move away from oil. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the oil & gas drilling & exploration industry.

The blown pipeline has been fixed but the long-term damage to the industry may take a lot longer. 

On the earnings table, Pride International Inc. saw its profits tumbled 54% to $57.5 million from $124.1 million registered a year ago. The company's revenue also took a hit with a decline of 20% to $350.3 million as all three of its business segments underperformed for the quarter. Rowan Companies Inc. which reported its quarterly results in the first week of August with net income of $90.9 million on revenue of $490.1 million. Investors can register for free to access the research reports on Pride International Inc. and Rowan Companies Inc. at www.stockcall.com/PDE230810.pdf or www.stockcall.com/RDC230810.pdf.

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