All Theses, Dissertations, and Capstone Projects

Year of Award

1987

Degree

Master of Business Administration (MBA)

College

College of Business & Professional Studies

Degree Program

Business

Department

Business Administration

Keywords

Investment, Rowan Companies Inc., Zapata Coporation, Off-shore drilling, Oil well, Petroleum

Abstract

To invest successfully, three crucial factors must be addressed: economic conditions, industry conditions and the individual corporate situation. Economic conditions will impact the level of profitability of any investment decision. Furthermore, the strength of the economy can have dramatically different effects on different sectors of the economy. Thus, a firm knowledge of the industry of interest is essential. Finally, the investor must understand the specific situation of the particular firm of interest within both the industry and the economy. Overall, this analysis will be directed at the stocks of Rowan Companies, Inc., and Zapata Corporation. These two firms are in the oil field services industry. More specifically, both firms are primarily in the off-shore oil well drilling sector of that industry.

Generally speaking, the petroleum industry functions in the four following subindustries: 1) exploration and production, 2) transportation, 3) refining and processing, and 4) distributing and marketing finished products. The larger firms in the petroleum industry are both multinational and vertically integrated, yet, a large number of smaller firms are active in only one or two of the subindustries. This analysis will focus on the oil field service industry (a sector of the exploration and production sub-industry) and specifically on the off-shore drilling portion of that industry.

Document Type

Restricted Thesis

Restricted

Available to Fontbonne users only. Please log in with your id + password.

Free My Thesis

If you are the author of this work and would like to make it openly accessible to all, please click the button above.

Share

COinS
 

Rights Statement

In Copyright