Hercules Offshore Inc (fka HEROQ)

[WinnerAlright]

Ok look at my posts from a few months ago I was pessimistic about HERO. However I think we could be nearing buy time. First of all I see HERO as a takeover target due to its low book value. Historically when oil prices fall there is consolidation of the industry. Big oil companies looking to buy shallow water rigs might see HERO's fleet as a good deal. Also I like the 1 year chart RSI entering oversold. Soon weak hands who are afraid of OPEC will be gone and we'll see the bargain buyers who recognize that oil prices will one day return to normal. Just my opinion. I see problems as well such as a breakout from recent descending triangle and an aging fleet. Anybody have any opinions I'd appreciate your thoughts.