One of the worst performing sectors of the market this year has been the offshore oil and gas drilling sector. A combination of oversupply and falling demand, has pushed the industry into a recessionary period, which is expected to last for around two years. As a result, drilling stocks have been sold off and Seadrill Ltd (NYSE:SDRL), the largest driller by market capitalization, has seen its stock collapse 20% year-to-date.
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk
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