Once very bullish on the deepwater offshore drillers space, Wall Street now seems to have reversed its position, as several players in this sector just got Wall Street analyst downgrades. In this video, Motley Fool energy analysts Joel South and Taylor Muckerman take a look at which deepwater drillers were downgraded and what's behind the sudden wavering of confidence in the sector. According to Joel, the long-term prospects for these companies make these downgrades short-term noise and this might be an interesting time to buy.
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage. Follow @tmfenergy