Comment on Paragon Offshore (PGN) Stock Plunges Today on Oil Price Decline, Bearish Analyst Note

Paragon Offshore (PGN) Stock Plunges Today on Oil Price Decline, Bearish Analyst Note

NEW YORK ( TheStreet) -- Shares of offshore driller Paragon Offshore plunged 15.59% to $1.71 in late afternoon trading Tuesday as oil prices declined to stop their recent rally. U.S. oil prices have climbed almost 30% since a low in March, as analysts had expected that the oversupplied market would balance in 2015. But analysts are now warning that, although U.S.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News