Weekly Performance Update On 6 Offshore Drilling Stocks
By Power Hedge:
The market was slightly down this week as were oil prices. The S&P 500 hit its bottom on Wednesday but then bounced back to close at 1,353.39 for the week. Oil prices were also down slightly. As usual, the offshore companies that I follow in this weekly series reacted differently to the market moves.SeaDrill (SDRL) opened on Monday, May 7 at $37.09. The stock closed at $36.02 in after hours trading on Friday, May 11. This gives the stock a loss of $1.07 or 2.88% this week. SeaDrill opened at $37.76 on April 16, 2012. This gives the stock a four-week loss of $0.67 per share or 1.77%.
SDRL 5-Day Chart
click to enlarge
Source: Fidelity Investments
SDRL 4-Week Chart
Source: Fidelity InvestmentsEnsco (ESV) opened at $51.15 on Monday, May 7. The stock closed at $48.90 in after hours trading on Friday, May 11. This gives the stockComplete Story »