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Hercules Offshore, Inc. (HERO) Message Board

  • mcvjmicvuhihui123e7837 mcvjmicvuhihui123e7837 Dec 20, 2013 10:49 AM Flag

    From SA concerning the sector ala Citi's opinion . . .

    Funny how SDRL and HERO rally on this?

    Transocean, Diamond Offshore cut to Sell at Citi in negative sector call • 10:15 AM

    Transocean (RIG +0.2%) and Diamond Offshore (DO +0.4%) are downgraded to Sell from Neutral with a $40 price target at Citigroup as part of a negative call on the offshore drilling services sector.
    Pricing power is beginning to erode in the sector, the firm says, believing a clear shift in the balance of power at the bargaining table is occurring.
    RIG opens flattish but slipped 1.8% yesterday after issuing its latest fleet status report which showed the Cajun Express deepwater rig received a contract to operate six wells at a dayrate of $495K vs. the previous rate of $600K.
    Citi also cuts Noble Corp. (NE +0.5%), to Neutral from Buy.
    Others to watch: RDC, ESV, SDRL, HERO, VTG.

 
HERO
0.6531+0.0111(+1.73%)Jun 1 4:00 PMEDT