Hercules Offshore (NASDAQ:HERO) has historically been highly leveraged to the shallow waters of the Gulf of Mexico. That changed just a bit in 2013 which has altered our analysts' opinions of the company slightly. Hesitancy around the uncertainty regarding the company's continued relationship with PEMEX is the one thing both agree could hold Hercules Offshore back.

This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

Another company involved in offshore drilling has put the fear into OPEC

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.