The market has not been kind to offshore drillers such as Seadrill (NYSE:SDRL), Noble Corporation (NYSE:NE), and Transocean (NYSE:RIG) over the past six months. With dividend yields between 5% and 11% right now, all three companies look pretty attractive to income-seeking investors. However, Motley Fool contributor Jason Hall tells us there's a reason the market has hit the stocks hard, and it's pretty important that investors understand what's happening with demand for offshore drillers over the foreseeable future.
For Jason's take, and more details on what to expect in the offshore market, check out the following short video.
Jason Hall owns shares of Seadrill. The Motley Fool recommends Seadrill and owns shares of Seadrill and Transocean. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.