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Hornbeck Offshore Services' (HOS) stock has 'totally misbehaved' since the May 28, 2009 buy call at a price of $27.08, but I'm nevertheless reiterating the recommendation. Here's why: Continue reading Hornbeck Offshore: Maintaining position in a 'totally misbehaving' stock
Continue reading Hornbeck Offshore: Choppy period is over, probably
Readers of this space know that one of the preferred sectors is oil/oil services, and with the aforementioned in mind, Hornbeck Offshore (NYSE: HOS).
In general, analysts expect short-term doldrums for offshore oil servicer Hornbeck, primarily due to a decrease in demand for crude oil in North America.
However, heading into F2010 HOS should benefit from increased deepwater drilling in the Gulf of Mexico, particularly as oil's price firms later in 2009, as the U.S. economic recovery takes hold.
Continue reading Hornbeck Offshore: Another 'empty shoe box' play
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