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Beacon Equity Issues Technical Trading Overview for Seahawk Drilling Inc.

^{Published on 2009-11-24 04:09:14 - Market Wire}
 

DALLAS, Nov. 24, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Seahawk Drilling Inc. (Nasdaq:[ HAWK ] - [ News ]). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.

The investment report on Seahawk Drilling Inc. (Nasdaq:[ HAWK ] - [ News ]) should be of particular interest to other oil and gas/drilling companies: Diamond Offshore Drilling Inc. (NYSE:[ DO ] - [ News ]), Nabors Industries Ltd. (NYSE:[ NBR ] - [ News ]) and Noble Corp. (NYSE:[ NE ] - [ News ]).

It is available at: [ http://www.beaconequity.com/i/HAWK ]

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Seahawk Drilling Inc. (HAWK) operates independently of Pride International Inc. as of August 24, 2009. HAWK owns and operates 20 jackups located in the United States and Mexico. The Company provides contract drilling services to the oil and natural gas exploration industry in water depths of up to 300 feet and drilling depths of up to 25,000 feet.

Message Board Search for HAWK: [ http://www.boardcentral.com/boards/HAWK ]

In the report, the analyst notes:

"HAWK reported a loss of $32.4 million, or $2.79 per diluted share for the three months ended September 30, 2009, including the results from the discontinued operations platform business, which was sold in May of 2008.

"HAWK announced in late August the completion of its spin-off from Pride International Inc. (NYSE:[ PDE ] - [ News ]). ...Shares of HAWK were electronically distributed to Pride shareholders as of the record date August 14, 2009, in the ratio of one HAWK share per 15 Pride shares held, as previously announced by Pride on August 4, 2009. HAWK is now completely independent from Pride and began "regular-way" trading on NASDAQ on August 25, 2009."

To read the entire report visit: [ http://www.beaconequity.com/i/HAWK ]

See what investors are saying about these stocks at: [ http://www.stockhideout.com/ ]

BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit [ http://www.BeaconEquity.com ]

Beacon Equity Disclosure

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Beacon Equity Research
Jeff Bishop
(469)-252-3505
press@beaconequity.com