Friday, April 18, 2014

Yet Another Plunge Forecast for Deepwater Drillers


It seems that just about every analyst can't wait to forecast a potential plunge in deepwater and offshore drillers. The latest is an analyst call out of Barclays that the general offshore sector, including the deepwater drillers, will take a hit.

Only a few weeks back, the focus was on the difference between the legacy drillers and the modern drillers. The latest report from Barclays brought a few more firms into focus, including Atwood Oceanics (NYSE: ATW  ) , Rowan (NYSE: RDC  ) , and a big hit to Diamond Offshore Drilling


Read full article here.


Disclosure: Long ATW. Please read the disclaimer page for details.

No comments: