NEW YORK, NY — (Marketwire) — 10/06/11 — For roughly two months benchmark oil prices have been pulled in opposite directions as analysts and traders try to gauge future petroleum demand. While the stock prices of these oil companies may be more volatile than usual, many of the oil companies continue to offer steady dividends. The Bedford Report examines the outlook for companies in the Oil and Gas Sector and provides equity research on SeaDrill Limited (NYSE: SDRL) and Transocean Ltd. (NYSE: RIG). Access to the full company reports can be found at:
Abdalla Salem El-Badri, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), argues that the recent fall in the price of oil has been partly caused by speculation in the oil market. Oil prices took a hit after OPEC sharply revised down its forecast for world oil demand for this year and expected consumption would remain weak in 2012, citing waning economic growth in key industrialized nations and a weak US driving season.
In North America and Europe, demand is way down. Western countries already were expecting to see declining demand as their economies struggle to grow. Those concerns grew last Wednesday when the U.S. reported unexpectedly large crude supplies and weak gasoline demand.
The Bedford Report releases investment research on the Oil and Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.
With the VIX volatility index pushing towards record levels over the last month, long term investors have turned their attention to safe haven plays. Investors usually count on dividend paying stocks during hectic times in the market believing in the company–s security and real earnings power. Additionally, when interest rates get as low as they currently are, the return on dividends can far exceed that of bonds.
Presently, SeaDrill Limited pays an annual dividend of $3.00 per share for a hefty yield of around 10.9 percent. SeaDrill Limited is an offshore drilling contractor, providing offshore drilling services to the oil and gas industries worldwide.
Transocean Ltd. pays an annual dividend of $3.16 per share for a yield of approximately 6.6 percent. According to its fleet update last month, the world–s largest offshore drilling contractor has found more work for four of its 28 midwater rigs, and three secured higher rates.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at .
Contact:
The Bedford Report