SOURCE: Wall Street Equity Research

Wall Street Equity Research

September 13, 2010 08:46 ET

Professional Research on Noble and Hercules Offshore -- When Every Offshore Drilling Accident Becomes a Focus

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 13, 2010) - www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the oil & gas drilling & exploration industry, and offers free research on industry players Noble Corp. (NYSE: NE) and Hercules Offshore Inc. (NASDAQ: HERO). Register today at www.wallstreetequityresearch.com to receive free research reports on these companies.

Off shore drilling companies, especially those in the Gulf of Mexico have been having a challenging time since the BP oil spill in the area closed down all deepwater drilling activity. Companies in the area have been moving deep water rigs to other areas, or essentially parking them, as they wait for the moratorium to be lifted. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting oil & gas drilling & exploration stocks.

www.wallstreetequityresearch.com is a specialized website where investors can have complete access to free reports on oil & gas drilling & exploration industry; traders looking for analyst opinions on Noble Corp., Hercules Offshore Inc. and other players in the industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.

When that happens, however, it may still be increasingly difficult to post a profit in the area. Stricter rules, more stringent inspections and hefty fines for violations could keep companies from succeeding financially. That coupled with a backlog of permit applications has forced some companies to move out of the gulf. Those that have moved some of their operations to other deep water areas, such as Brazil, seem to be better positioned. Noble Corp. which has seen a profit decline largely due to the halt in business in the Gulf is now banking on its operations in Brazil. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/September132010NobleCorp.(NE)130910.php to download the full report on Noble Corp.

While the moratorium currently only covers drilling in over 500 feet of water, a recent fire on a shallow water platform may extend the period the ban remains in place, as safety concerns for the industry as a whole are being raised again. While no one was injured and no leak has been detected, companies with operations in the gulf like Hercules Offshore Inc. look to have a difficult road ahead of them. Shareholders and investors can sign up today at http://wallstreetequityresearch.com/September132010HerculesOffshoreInc.(HERO)130910.php to download the full report on Hercules Offshore Inc.

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