Oceaneering International Could Reap Long Term Benefits from Oil Spill; Pritchard

Blowout-preventer manufacturers are commonly discussed as long term beneficiaries of BP's oil spill, but Pritchard thinks that Oceanearing International (NYSE: OII) could stand to benefit.

Oceaneering does inspection services and NDT (nondestructive testing) for oil rigs. It is a government contractor in inspection services.

Pritchard says that this is "a smaller piece of business in the grand scheme of things, but an interesting thought that after spending a week on the road we noticed plenty of investors had not considered."

OII is rated Buy with a price target of $52.00. It is currently trading at $48.00.