Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why These 3 Offshore Drilling Stocks Sank 16% or More Last Month

TheMotleyFool

0 0

Here's Why These 3 Offshore Drilling Stocks Sank 16% or More Last Month

August was another tough month for offshore drilling stocks. Shares of ENSCO PLC (NYSE: ESV), Atwood Oceanics, Inc. (NYSE: ATW), and Noble Corporation Ordinary Shares (UK) (NYSE: NE) all fell sharply during the month, finishing August down 19%, 16%, and 18% respectively.

In general, a lack of good news was responsible for the decline in shares of these three companies in August, including the release of quarterly earnings in late July and early August.

Image source: Getty Images.

Source: Fool.com