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The Simple Reason These 4 Niche Energy Stocks Dropped Over 15% in October [The Motley Fool]

Ensco Plc (ESV)  More Company Research Source: The Motley Fool
Last ensco plc earnings: 5/1 06:53 pm Check Earnings Report
US:NYSE Investor Relations: enscoplc.com/investors/default.aspx
PDF It was a rough month out of a rough few years for this corner of the oil and gas industry. By now, investors in offshore oil rig operators are used to being put through the wringer. Shares of major companies in the sector have been brutally hammered by the stock market over the past several years. But all that changed in 2018. During the first nine months of the year, many offshore drillers' stocks popped by more than 30%. The slump was over and it would be smooth sailing from there on out. Or would it? According to data provided by S&P Global Market Intelligence , all the major offshore rig stocks had a horrible October. Shares of Ensco ( NYSE:ESV ) fell 15.4% for the month, Seadrill 's ( NYSE:SDRL ) shares were down 17.8%, Transocean 's ( NYSE:RIG ) stock gave back 21.1%, and shares of Noble Corporation ( NYSE:NE ) fared the worst, dropping an astonishing 28.6%. Here's why October was more tricks than treats for these companies, and what inve [Read more]

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