Hercules Offshore (HERO +0.00%) 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.
Hercules Offshore Exiting Onshore Drilling
By Travis Hoium – May 30, 2013 at 9:00AM
NASDAQ: HERO.DL
Hercules Offshore
An asset sale shows even Hercules is moving into deeper water for drilling.
About the Author
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.