Watch Out For Falling Knives In The Offshore Drilling SectorRupert Hargreaves
It would be fair to say that the offshore drilling sector is currently facing the perfect storm of events. Overcapacity has plagued the industry’s outlook for nearly twelve months now and the falling oil price has only compounded the industry’s problems.
The offshore drilling industry has been kicked in the teeth over the past twelve months. But as usual, for value investors, this has presented opportunity.