Are The Stars Aligning For Oceaneering?

Adam Feik - Contributor - Energies

I happened to notice Oceaneering International (NYSE:OII) is flashing 3 green triangles on MarketClub.

This is a stock that last saw its shares trade at $86 per share on November 4, 2013 (almost exactly 2 years ago), hit a low of $37 on August 25 (almost exactly 2 months ago, on the same day the broad market touched its recent bottom), and is now changing hands at nearly $47.

That’s a 57% freefall over 22 months, followed by a 27% gain over 2 months. See for yourself:

Daily Chart of Oceaneering International Inc. (NYSE:OII)

Why should you care? Well, I don’t know that you should, seeing as how Oceaneering is in the business of providing engineering services primarily to deepwater drilling companies, which doesn’t exactly seem like a hot corner of the market these days. But… Continue reading "Are The Stars Aligning For Oceaneering?"

Oil drilling technology leaps, clean energy lags

Technology created an energy revolution over the past decade just not the one we expected.

By now, cars were supposed to be running on fuel made from plant waste or algae or powered by hydrogen or cheap batteries that burned nothing at all. Electricity would be generated with solar panels and wind turbines. When the sun didn't shine or the wind didn't blow, power would flow out of batteries the size of tractor-trailers.

Fossil fuels? They were going to be expensive and scarce, relics of an earlier, dirtier age.

But in the race to conquer energy technology, Old Energy is winning. Continue reading "Oil drilling technology leaps, clean energy lags"