May 4 (Reuters) - Diamond Offshore Drilling Inc , one of the world's top five offshore rig contractors, said it was scrapping three rigs in the face of weak demand due to a steep fall in global crude prices.
May 4 (Reuters) - Diamond Offshore Drilling Inc , one of the world's top five offshore rig contractors, reported a net loss compared with a year ago profit, mainly due to an impairment charge of $319 million as it wrote down the value eight rigs.
are only two stocks traded on the stock market, Apple, and Diamond Offshore Drilling. AAPL yields 1.5% while DO yields 9.2%. A 50/50 portfolio of these two yields 5 ..... the total stock market index fund, but add a few shares of DO to take advantage of FF3F? Q3: Will Malkiel hold the total
Diamond Offshore ’s third-quarter results were marred ..... for the Ocean Monarch rig contract. Diamond Offshore indicated in a recent rig status update ..... rigs are delivered. At this time, we do not plan to change our fair value estimate
could mean $25 per share of value creation while offering the opportunity for stock price multiple expansion. We think Diamond Offshore DO , Noble NE, and Ensco are the most exposed offshore drillers while Seadrill SDRL and Transocean are better positioned
CNA Financial CNA, Boardwalk Pipeline BWP, and Diamond Offshore DO . Investment income at the corporate level declined ..... see our respective notes on Boardwalk Pipeline, Diamond Offshore , and CNA Financial. Our fair value estimate and
and early 2012 when he seemingly could do no right by shareholders. The Akers acquisition ..... over the CEO position, he couldn’t do anything about it, but it completed a frustrating ..... Transocean looks very reasonable. We consider Diamond Offshore ’s and Seadrill’s payout ratios as ..... based on the current credit markets, we do not believe interest costs will increase
Diamond Offshore ’s DO first-quarter results were mixed, in our view. Contract drilling revenue declined to $700 million from $755 million the prior
been $236 million. Results were also down at Diamond Offshore DO , though this was partially offset by higher earnings ..... see our respective notes on Boardwalk Pipeline, Diamond Offshore , and CNA Financial. Our fair value estimate and
terms to the major drillers. However, Petrobras' plans to drop the midwater rigs creates long-term challenges for Diamond Offshore DO . In short, deepwater rigs, particularly dynamically positioned ones, provide operators with a lot more flexibility