Paragon Offshore plc (fka PGNPQ)

[gta3uzi]

Perhaps the overall trend for Paragon's market cap will be down until they can secure new contracts. Anything else will produce short-term upside volatility at best.

They hinted at Summer contracting season showing some promise, and called out Hercules Offshore in a recent report. I suspect they'll be looking to shut HERO out of GOM contracts specifically, as they have the Hero 300 and 350 rolling off contract around August.