In a note to clients Evercore Partners attributed the decision to a "reallocation of analyst resources".
Industry observers note this is a boilerplate response that offers little insight about why the firm actually pulled the plug.
Before the bank abandoned the offshore segment stocks like Ocean Rig and Pacific Drilling were tracked by Darrin Hicks.
Market sources say the forecaster hasn’t left Evercore and will likely be assigned to another sector in the coming weeks.
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