Preston Caldwell
Preston Caldwell is an equity analyst for Morningstar.
Latest
Updated Rig Forecast Affects Our Offshore Driller Valuations
Our long-term industry assumptions have grown more pessimistic.
Morningstar's Analysis of China Trade Scenarios
Are China and the U.S. headed for a new cold war?
Lower Fair Value, Extreme Uncertainty for Weatherford
Higher financial leverage and low pricing on recent asset sales drove our reassessment.
Nabors Still Cheap After Adjusting Fair Values
The changes are due chiefly to our revised U.S. land drilling forecasts.
Flood of Low-Cost Supply Swamps Our Frac Sand Valuations
We've reduced our long-term pricing forecasts.
Ensco-Rowan Deal May Mean Shift in Offshore Drilling
The combined company--which is a true merger of equals--will have a total market enterprise value nearly on par with industry leader Transocean.