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Here's Why RigNet Stock Is Down Today

TheMotleyFool

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Shares of RigNet (NASDAQ: RNET) are down more than 10% at 3:09 p.m. EDT on Oct. 1, in what has proven a pretty bad day for offshore energy investors in general. Many offshore drilling stocks, including Transocean, Seadrill, and Valaris, are down between 5% and 10% at this writing.

Often when there's a big sell-off like today's, there's an obvious reason -- such as an underwhelming earnings report -- that investors are selling. Other times, there's not a clear-cut "here's why" that we can point to. So goes investing in the energy sector.

Image source: Getty Images.

Source Fool.com

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