On top of everything else, some potentially troublesome environmental news out of the Gulf of Mexico again.

The Times Picayune is reporting that the Coast Guard is investigating reports of a brand new deepwater oil spill.

Multiple callers have reported that they have seen a huge sheen of oil not far from a deepwater rig. According to Judson Parker at Examiner.com, the potentially leaky rig is the Matterhorn SeaStar owned by W&T offshore.

Details remain scarce. It is interesting that as oil rallied late in the day on Friday, shares of W&T Offshore tanked hard into the close. (via @nictrades and @stocksage1)