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Hercules Offshore, Inc. Message Board

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  • robertnupstatecarolina robertnupstatecarolina Nov 2, 2010 12:01 PM Flag

    Get used to it

    Very few economist could have predicted for the United States to go through the worse recession since the great depression. That is why Hero has taken a beating.

    No demand for oil/gas means less profits. America has been backed up with oil supplies since the recession and hopefully things will soon turn around.

    I'm sure if Hero had of seen the recession coming, they would have dropped the purchase of Todco. If it weren't for the Todco debt, Hero would be profitable.

    IMHO I think things will be improving for Hero in the coming quarter and 2011.

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