Energy XXI Ltd. (EXXI) Declares $1.81 Dividend, Maintains its Solid Base of Producing Off-shore Wells
It is often easy to run away from an investment when a particular segment is facing uncertain times. It is, however, just as easy to run toward that sector when others are fleeing if a longer time horizon is involved. The Gulf of Mexico oil spill is a case in point. There is little doubt that the United States needs deep water drilling and the oil it yields, meaning that those that drill the oil are not going to go away for some time regardless of the current circumstance. Recent events may depress stock prices in the short term, but…