Cameron International Corporation (CAM), Oceaneering International (OII): Three Ideal Ways to Make a Splash in Deepwater

Oceaneering International (NYSE:OII)
Once a diving company, Oceaneering now operates through four separate segments: subsea projects, subsea products, asset integrity, and remotely operated vehicles. The company remains the only manufacturer of a full range of subsea umbilical systems. But it’s the ROV unit that garners much of the attention for Oceaneering International (NYSE:OII) today.

The 9,000-pound aquatic robots are the key part of 150,000-pound units that can operate effectively in 10,000 feet of water. They’re guided by three-person crews in 20-foot computerized control rooms that sit atop a rig’s floor. Oceaneering International (NYSE:OII)’s ROVs played a key role in ultimately stanching the flow of the approximately 5 million barrels of oil that gushed into the Gulf of Mexico from BP plc (ADR) (NYSE:BP)‘s blown-out Macondo well in 2010.

Oceaneering International (NYSE:OII)’s shares have somewhat quietly risen 58% in the past year and 41% during 2013.

Foolish takeaway
There are other energy companies that benefit from the increasing importance of the deepwater. However, the three five-star CAPS-rated companies discussed above are clearly in the sweet spot of the movement to greater depths. Each warrants the attention of Foolish energy investors.

The article 3 Ideal Ways to Make a Splash in Deepwater originally appeared on Fool.com and is written by David Smith.

Fool contributor David Smith owns shares of BP p.l.c. (ADR). The Motley Fool recommends National Oilwell Varco and Oceaneering International. The Motley Fool owns shares of National Oilwell Varco.

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