Diamond Offshore Drilling Inc (DO), BP plc (ADR) (BP): A Great Play on the Increasing Need for Energy

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Summary

Which company is right for your portfolio depends on your particular level of risk tolerance and willingness to wait out legal drama. While Transocean LTD (NYSE:RIG) may very well produce the better gains long-term, they could indeed suffer significantly if the pending civil suits go worse than expected. Diamond Offshore Drilling Inc (NYSE:DO) is a completely reasonably valued way to play this sector, which should grow tremendously over the coming decade and beyond.

Matthew Frankel has no position in any stocks mentioned. The Motley Fool owns shares of Transocean.

The article A Great Play on the Increasing Need for Energy originally appeared on Fool.com.

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