2014 Was Bad, 2015 Will Be Worse; Here's How Atwood Oceanics Is Positioned

This article was first published by Seeking Alpha on February 12, 2015.

By Sarfaraz A. Khan. Research Asst. Adnan Mushtaq

This Offshore Drilling Stock May Thrive Despite Falling Oil Prices

This article was originally published by TheStreet on November 20, 2014

By Sarfaraz A. Khan. Research Asst. Daniel L. 

NEW YORK (TheStreet) -- The offshore drilling market has been struggling with overcapacity and falling crude oil prices, but Atwood Oceanics (ATW) is a rare gem that could see double-digit revenue growth.

In an email to TheStreet, Mark Mey, Atwood's chief financial officer said the offshore driller is one of only two expected to grow revenue and earnings per share into 2016. Mey didn't mention the name of the other driller, but it's likely Houston-based Rowan Companies (RDC) , which has forecast revenue growth for 2015. Goldman Sachs analyst Waqar Syed said in a November report that this will lead to higher earnings for Rowan.