Diamond Offshore Drilling: Fleet Analysis As Of October 24 And Third Quarter Results
Diamond Offshore 's Q3 pleasant surprise offers hope across sector
Oct 23 (Reuters) - Diamond Offshore Drilling Inc , one of the world's top five offshore rig contractors, reported a 4.5 percent rise in third-quarter revenue, helped by higher demand and improved rates for its ultra-deepwater rigs.
Oct 23 (Reuters) - Diamond Offshore Drilling Inc reported a lower third-quarter profit, hurt by a non-cash impairment charge of $109 million before tax as a result of retiring and scrapping six semisubmersible rigs.
Offshore drillers such as Diamond Offshore ( DO +3.9% ), Transocean ( RIG +1.5 ..... Gulf of Mexico oil spill; spreads for DO and RIG closed yesterday a respective ..... below their global recession highs. DO has managed to defend its total dividend
NYSE: PGN ). Noble also has a backlog of over $11 billion and some three-quarters of its rigs are contracted for the rest of 2014. Two of the major players, Diamond Offshore (NYSE: DO ) and Transocean (NYSE: RIG ) have Complete Story »
Jefferies sees little hope in the near term for offshore drillers such as Transocean (NYSE: RIG ), Diamond Offshore Drilling (NYSE: DO ) and Noble (NYSE: NE ), as continued negative trends show an industry " continuing to die by 1,000
during a time of slower demand. Additionally, the article highlighted how the dividends for Transocean (NYSE: RIG ) and Diamond Offshore (NYSE: DO ) are at the most risk of being cut. I cannot argue with the fact that the drilling market is weak right now. That could
to face downward pressure. Wells initiates coverage on Transocean ( RIG -2.9% ), Seadrill ( SDRL -1.9% ) and Diamond Offshore ( DO -2.5% ) at Underperform, while Noble Corp. ( NE -2.5% ), Rowan ( RDC -0.5% ), Ensco ( ESV -1.9
slide after fleet status reports from Ensco ( ESV -1% ) and Diamond Offshore ( DO -1.8% ) confirm that the rig market still has its problems ..... working for the rest of the year. Susquehanna notes that DO did not report any new notable contracts in its latest fleet