Tap Into Expensive Oil With Gardner Denver

Shares of Gardner Denver(GDI Quote) have been stuck in a frustrating range over the past few months, trading from the high $35s to the low $30s.

The machinery company offers an intriguing play, especially as commodity prices go through the roof. Gardner Denver is a dirty company, involved in the fluid-management business, which is essential for the cleaning of the day rigs used in drilling for oil.

Right now, we are in a huge period of capital expenditures as companies push to find and extract oil. With oil at record levels, rigs are under pressure to drill as much as they possibly can in order to take advantage of price increases. This is where Gardner Denver comes into play.

Oil rigs are dirty and hazardous places to work. Companies pay out tens of millions of dollars in workers compensation because of the dangerous conditions. Gardner Denver's fluid management business is involved in keeping rigs safe, clean and most importantly, running. ...