Avery Schumer
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Avery Schumer in Commodities,

Hercules Offshore No Hero Yet, But Looking Positive; Deutsche Bank Upgrades To Hold

Deutsche Bank has upgraded the new common stock of Hercules Offshore, Inc. to Hold following the company’s bankruptcy.

Now that the company has a clean slate and a new share structure, it has a fighting chance in the difficult environment.

Deutsche Bank remains cautious, as the company will likely continue burning through cash until the shallow water market improves.