SOURCE: Five Star Equities

Five Star Equities

June 20, 2012 08:20 ET

Hercules Offshore and Seadrill Continue to Battle Sliding Oil Prices

Five Star Equities Provides Stock Research on Hercules Offshore and Seadrill

NEW YORK, NY--(Marketwire - Jun 20, 2012) - Oil stocks have struggled over the last month amongst concerns of a potential recession in Europe. The SPDR S&P Oil & Gas Equipment & Services ETF (XES) has fallen over 22 percent in the last three months. As Europe accounts for approximately 20 percent of the world's consumption of oil, a weak economy would weigh heavily on oil demand. Five Star Equities examines the outlook for companies in the Oil & Gas Drilling & Exploration Industry and provides equity research on Hercules Offshore, Inc. (NASDAQ: HERO) and Seadrill Ltd. (NYSE: SDRL).

Access to the full company reports can be found at:

Oil prices Monday fell close to $83 a barrel as results of the recent Greek elections failed to ease concerns of Europe's growing debt crisis. "Given that the (Greek) government will likely push for an easing of austerity measures... the outlook for Greece remains far from certain, particularly as the debt crisis is spilling over into Spain and potentially Italy," said analysts at JBC Energy in Vienna.

The Energy Department's Energy Information Administration in its weekly report showed that U.S. crude supplies dropped by 200,000 barrels. According to Platts analysts had predicted a drop of 2 million barrels for the week ended June 8.

Five Star Equities releases regular market updates on companies in the Oil & Gas Drilling & Exploration Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Hercules Offshore is a leading provider of offshore contract drilling, liftboat and inland barge services with operations spanning the globe. According to a recent Forbes article Hercules Offshore Inc.'s Director Thomas R. Bates Jr. purchased 40,000 shares at an average cost of $3.42 per share. Shares of the company on Monday fell 9 percent to close at $3.14.

Seadrill is a leading offshore deep-water drilling company. The company is currently in advanced discussions regarding a new five-year contract for the drillship West Polaris. The potential contract revenue for the five-year period is approximately US$1.16 billion. A final agreement is expected within July 2012.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

Contact Information