Energy Digital - September 2015

Page 28

TOP 10

04

HELMERICH & PAYNE (HP) Open price: $ 68 As the largest land driller in the U.S., Helmerich & Payne provides rigs to producers within the oil and gas sector. And although the company’s stocks have witnessed a 30 percent decline over the past six months, CEO John Lindsay was quick to point out the obvious: a “rapidly deteriorating energy market.” While this is certainly no secret— Helmerich & Payne even expects drilling activity and rates for its rigs to continue to decline—as anyone who has been monitoring the market can attest, Helmerich & Payne know how to navigate the turmoil: The firm used the last downturn in oil prices to bolster market share from 9 percent in October 2008 to 16 percent by the end of 2014.


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.