This article originally appeared on The DIV-Net on January 22, 2014.
As you can see, HP’s primary focus is on U.S. land rigs.
Here’s a different look at HP’s global rig fleet growth:
Finally here’s some of their metrics I’ve taken from Morningstar/E*Trade/S&P Capital IQ
With HP sitting near their 52-week high, I’m inclined to add to my ESV position. I’m also more interested in the international exposure and future EPS growth.
Disclosure: Long ESV and I added another 100 shares after the article.