Hercules Offshore Exiting Onshore Drilling

Hercules Offshore (NASDAQ: HERO  ) is one of only a few companies left that focuses on shallow water drilling. But even now it's moving away from onshore shallow water by selling rigs that have little use to the company. This is a good move right now but does it make Hercules a top drilling stock? Fool.com contributor Travis Hoium took a look at Hercules' recent $45 million asset sale and discovered that there are still better drilling buys out there. 

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  • Report this Comment On May 31, 2013, at 1:25 PM, ezboxbreaks wrote:

    This is the dumbest article i've ever seen! seadrill is currently at it's ALL TIME HIGH!!! and you sit here telling us...it's a "better buy" than a great company like Hercules that has investment room to grow?!?!?! gimme a break pal. How does one make money on a company that is already "maxes out" ??? it simply DOESN'T.

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