10 Stocks That Have Gone Nowhere Since the 2009 Lows

The bull market has raged for five years ... but a few stragglers were left well behind

      View All  
10 Stocks That Have Gone Nowhere Since the 2009 Lows

Transocean (RIG)

Transocean185 10 Stocks That Have Gone Nowhere Since the 2009 LowsIndustry: Oil service and exploration
Market Capitalization: $15.4 billion
Total Return Since 3/9/2009: -5%

Just as Diamond Offshore has faced pressure thanks to relatively cheaper oil prices and pressures on energy demand caused by the great recession, Transocean (RIG) is in the same boat.

But part of the reason that RIG is in the red since 2009’s lows — even including dividends — is because of its very public role in the Deepwater Horizon disaster of 2011 that spilled nearly 5 million barrels of oil into the Gulf of Mexico in the largest offshore oil spill in U.S. history.

The company has tried to move on, including agreeing to a $1 billion settlement a year ago, but the price it has paid was significant at a time when other issues already had created serious headwinds for the energy industry.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/10-stocks-nowhere-2009-lows/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.