Helmerich & Payne: Winning a 'Rigged' Game - trackseekingalpha

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Helmerich & Payne: Winning a 'Rigged' Game
Dec 19, 2008 09:56 AM UTC

trackseekingalpha

Return	Risk
-13.40%	HIGH

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Symbol	Sentiment	Start	Return	Closed
HP	n/a

Via Long Investment Ideas from Seeking Alpha:

Helmerich & Payne (HP) provides contract drilling services in the US, Argentina, Columbia, Ecuador and Venezuela. The company owns and operates 156 U.S. land rigs, 9 U.S. platform rigs, and 27 international rigs. This conservatively managed company has shown operating earnings through previous good and bad oil price cycles over the decades. It maintains a very solid balance sheet with ample cash and marketable securities. The well-covered dividend represents just a 4.2% payout ratio. Company executives draw very reasonable pay packages unlike many industry peers.

Helmerich's earnings tend to move in tandem with oil prices and have risen substantially since bottoming in FY 2003. (FYs end in September). Here are the (split adjusted) per share numbers from the past six complete years as reported by Value Line:

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