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.