WorkBoat Composite Index WorkBoat stocks dip over 2% in June
T
he WorkBoat Stock Index gave up most of its May gains, losing 76 points, or 2.3%. For the month losers topped winners by a 7-5 ratio. The top percentage gainers for the month were Nabors Industries, Transocean, Martin Midstream Partners, Helix Energy Solutions Group and Oceaneering International. STOCK CHART
Back in May, during the company’s first-quarter conference call, Jeremy Thigpen, Transocean’s president and CEO, said, “Picking up in 2021, essentially where we left off in 2020, as you may remember from our last call, we delivered the best overall annual operational performance in Transocean's history. Source: FinancialContent Inc. www.financialcontent.com
INDEX COMPARISONS Operators Suppliers Shipyards WorkBoat Composite PHLX Oil Service Index Dow Jones Industrials Standard & Poors 500
5/28/21 343.66 5,378.53 3,508.16 3,268.53 61.35 34,529.45 4,204.11
6/30/21 362.48 5,103.50 3,492.47 3,192.16 63.74 34,502.51 4,297.50
NET CHANGE 18.82 -275.03 -15.69 -76.37 2.39 -26.94 93.39
For the complete up-to-date WorkBoat Stock Index, go to: www.workboat.com/resources/workboat-composite-index
PERCENT CHANGE 5.48% -5.11% -0.45% -2.34% 3.90% -0.08% 2.22%
“This performance continued into the first quarter of 2021 as we delivered over 97 percent uptime across our global fleet, achieving one of the strongest operational quarters in company history in both uptime and safety performance. I cannot stress enough how proud I am of the dedication exhibited by our employees to deliver these amazing results. For that, I say thank you to our entire team at Transocean for their devotion each and every day to deliver best-in-class service to our customers. “And turning now to the fleet, starting in the Gulf of Mexico,” Thigpen continued, “I am pleased to announce that the Deepwater Asgard was awarded a three-well picture with Beacon Offshore Energy following the successful 2020 campaign.” The company is “excited to get her back on contract at what is currently a market-leading day rate.” — David Krapf
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www.workboat.com • AUGUST 2021 • WorkBoat
