5 Shipping Stock in Focus; HERO, DRYS, RIG, HAWK, OCNF

Hercules Offshore Inc. ( NASDAQ: HERO ) is a Houston, Texas-based provider of
shallow-water drilling and marine services to the oil and natural gas
exploration and production industry globally. Hercules Offshore reported its
third-quarter financial results back in October, posting a loss from continuing
operations of $15.1 million, or $0.13 per diluted share on revenue of $168.5
million. For the same period in 2009, the company posted a loss from continuing
operations of $37.2 million, or $0.38 per diluted share on revenue of $159.3
million. The small cap stock of Hercules Offshore has a 52-week range of
$2.05-$5.85. Year-to-date, the stock is down 24.27%. DryShips Inc. ( NASDAQ:
DRYS ) is an Athens, Greece-based holding company, engaged in the ocean
transportation services of drybulk cargoes globally. Last week, DryShips
announced that it entered into agreements with a Korean shipyard to acquire 12
newbuilding tankers at price of about $770 million. The DryShips stock has a
52-week range of $3.28-$6.95. Year-to-date, the stock is down 4.47%. Transocean
Ltd. ( NYSE: RIG ) is a Switzerland-based international provider of offshore
contract drilling services for oil and gas wells. Transocean reported its
third-quarter financial results back in November, posting net income of $368
million, or $1.15 per diluted share on revenue of $2.309 billion. For the same
period in 2009, the company reported a net income of $710 million, or $2.19 per
diluted share on revenue of $2.823 billion. The Transocean stock has a 52-week
range of $41.88-$94.88. Year-to-date, the stock is down 17.34%. Seahawk Drilling
Inc. ( NASDAQ: HAWK ) is a Houston, Texas-based operator of jackup rig business.
The company provides contract drilling services to the oil and natural gas
exploration and production industry in the Gulf of Mexico. Seahawk reported its
third-quarter financial results back in November, posting a loss of $32.1
million, or $2.69 per diluted share. For the same period in 2009, the company
reported a loss of $32.4 million, or $2.80 per diluted share. The small cap
stock of Seahawk Drilling has a 52-week range of $6.79-$24.70. Year-to-date, the
stock is down 61.14%. OceanFreight Inc. ( NASDAQ: OCNF ) is an Athens,
Greece-based Company, providing shipping transportation services. The penny
stock of OceanFreight has a 52-week range of $0.73-$3.30. Year-to-date, the
stock is down 66.48%. This corporate profile is provided for information
purposes only and should not be used as the basis for any investment decision.
We are neither licensed nor qualified to provide investment advice. We were not
paid, nor do we hold a position in these stocks. We reserve the right to buy or
sell HERO, DRYS, RIG, HAWK and OCNF at any time after this post.