Energy XXI Ltd fka EXXIQ

[OilStockReport]

Absolutely! I have been playing it since the BP incident. In the case of Energy XXI and some other offshore stocks, the market initially hit the stocks rather hard. However, up to the moratorium being lifted, you saw a nice rebound. Then, when there was talk about issuing permits and some offshore companies actually received permits, you saw an even larger rebound.

What still makes me a bit cautious is that we haven't yet heard much from the government about the final rules and regulations about infrastructure, procurement or even about the well-liability cap. So, I'm still relatively cautious on the offshore group versus the onshore.