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Why Shares of Oceaneering International Soared Nearly 40% in February

Why Shares of Oceaneering International Soared Nearly 40% in February

Shares in subsea robotics company Oceaneering International (NYSE: OII) rose a remarkable 39.6% in February, according to data from S&P Global Market Intelligence. Aside from keeping an eye on Oceaneering's public statements and results, it's a good idea to monitor spending conditions in the industry -- notably the capital spending budgets of the major oil companies.