Canadian investment bank Canaccord Genuity has initiated coverage of nine US-listed drilling and offshore service providers.

Scott Burk is based in New York.
Equity analyst Scott Burk, who joined the firm in March following a split with Oppenheimer & Co, consummated coverage of Atwood Oceanics, Ensco, Transocean, Noble, Diamond Offshore Drilling, and others, in an e-mail to clients.

Assuming oil prices remain above $80 per barrel, Burk says many of the stocks listed in Canaccord’s new research universe offer investors a “safer longer-term growth profile".

“With