Hercules Offshore Inc (fka HEROQ)

[seven-up]

Biggest problem I see is putting rigs to work, there is no contracts. Hero has a very old fleet of rigs.

Oil is not going to turn anytime soon. Land operations will cover any short fall in the future, cheaper to drill land wells than offshore.. Just my opinion and I hope I'm wrong, has cost a lot of people the jobs, my oldest son works in the oilpatch with a offshore drilling company, worry about him losing his jobs.

Good sources for DD

http://oilpro.com/

http://www.rigzone.com/