J.P. Morgan Cuts Offshore Drillers

- May 26th, 2010

Analysts at J.P. Morgan Chase confirmed that the company has cut its earnings and price targets for many offshore companies such as Diamond Offshore , Ensco Plc. , Noble Corp. , Pride International Inc. , and Transocean Ltd..
Analysts are quoted saying:
“While shares of Transocean are increasingly attractive, we still see downside risk. Instead, we would […]

Analysts at J.P. Morgan Chase confirmed that the company has cut its earnings and price targets for many offshore companies such as Diamond Offshore , Ensco Plc. , Noble Corp. , Pride International Inc. , and Transocean Ltd..

Analysts are quoted saying:

“While shares of Transocean are increasingly attractive, we still see downside risk. Instead, we would use market weakness as an opportunity to own Halliburton and Schlumberger.”

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2 responses to “J.P. Morgan Cuts Offshore Drillers

  1. I love the way these jagoffs see downside risk a month AFTER the spill and AFTER the shares are down 33%. I’m backing up the truck. Hopefully there is a 30%+ upside before these geniuses decide to get back on the bandwagon. Noble is an even bigger steal right now.

  2. I love the way these jagoffs see downside risk a month AFTER the spill and AFTER the shares are down 33%. I’m backing up the truck. Hopefully there is a 30%+ upside before these geniuses decide to get back on the bandwagon. Noble is an even bigger steal right now.

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