Replies to post #1620 on Hercules Offshore Inc (fka HEROQ)

[SATELLITE]

But once it rebounds, we are in the Cat Bird Seat....
we all know oil is going to go back up, its just a matter of time.

GLTA Longs

[Beezerr34]

Hercules lost $95.4 million, or 59 cents per diluted share, for the three-month period ending Sept. 30. That’s deeper than the loss of $88.6 million, or 55 cents per diluted share, the company posted the same time last year.

Its third quarter results included an $82.5 million charge associated with cold-stacking four of its jackup rigs and a $4.7 million gain on the sale of three jackups. Overall revenue fell from $221.9 million to $73.8 million driven by lower utilization of its smaller fleet at cheaper dayrates in both domestic and international markets.

So how much did they lose once you back out the one time charge associated with cold-stacking those rigs? ;-)