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It's Time to Buy This Money-Burning Oil Subsector That's Turning Cash Cow

It's Time to Buy This Money-Burning Oil Subsector That's Turning Cash Cow

Investors lost billions on offshore oil drillers over the past decade. Things got so bad that almost all of the public companies in the subsector went through bankruptcy in 2019 and 2020, with Transocean (NYSE: RIG) being the one major survivor.