Offshore Drilling Stocks: Buy, Sell, Hold

The offshore drilling market is improving across the board, but not each company has seen the same upside. Hercules Offshore (NASDAQ: HERO  ) , Noble (NYSE: NE  ) , and SeaDrill (NYSE: SDRL  ) focus on different water depths, and, as the industry grows, there's varying demand for their rigs. 

This year, shallow water rigs have come back in vogue, while ultra-deepwater continues to command up to $600,000 per day for new rigs. Erin Miller sat down with Travis Hoium to see which of these three companies he would buy, sell, and hold based on their respective fleets. 


Read/Post Comments (0) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2714023, ~/Articles/ArticleHandler.aspx, 4/20/2014 10:47:49 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement