NE - Assessing Leading Offshore Drillers After Recent Oil Price Collapse - Part I - The General Picture

Almost three years have passed since I provided my initial take on the offshore drilling industry to Seeking Alpha readers right at the very bottom of the oil price downturn. In light of the renewed collapse in oil prices, I decided to update my views and follow up with a detailed discussion of the five leading US-listed offshore drillers.

After reaching multi-year recovery highs in early October, oil prices have experienced an eye-catching 30%+ decline in recent weeks as record high oil production in the Middle East, Russia and the U.S. have caused stockpiles to