Houston Energy Trader
Deep value, oil & gas, energy, small-cap

Hercules Offshore - Becoming A Market Leader In HPHT Drilling

Hercules Offshore (NASDAQ:HERO) is an oil driller whose prime focus is in shallow well production. This battle hardened oil driller is half way through a breathtaking transformational turnaround. Time has been an unforgiving enemy to HERO and many can remember when this stock traded over $40 a share. Responsibility for the slide in stock price was out of management's hands. Indeed even the Oracle of Omaha, Warren Buffett, could not have called the recession in 2009, and the subsequent shut down of Gulf of Mexico production in 2010. The Horizon oil spill (NYSE:BP) literally sucked the life out of an already struggling jackup business. The Gulf of Mexico was ground zero and several shallow well players...

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