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.
Suppose there 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 5.36%. Apple's market cap is roughly
7.18): 7.0% – Retailing Navios Maritime Holdings (NM – $3.88): 6.2% -Transportation Diamond Offshore Drilling (DO – $67.19): 5.2% – Energy Exelon Corp (EXC – $39.27): 5.3% – Utilities World Wrestling
periods' loss estimates) at CNA Financial CNA. These declines were partially offset by higher earnings at Diamond Offshore Drilling DO, primarily due to an increase in utilization of high-specification floaters. For investors interested
Morningstar is downgrading its issuer credit rating on Diamond Offshore Drilling DO by two notches, to BBB+ from A. This reflects our assessment that Diamond's Business Risk has increased as a result of
hurt by lower net investment income from reduced limited partnership income at CNA and lowering earnings at Diamond Offshore Drilling DO. Book value per share--an important metric for holding companies such as Loews--increased 4% in the
Diamond Offshore Drilling 's DO second-quarter results were affected by weak jackup and mid-water markets. Revenue declined 13% to $822 million from
Diamond Offshore Drilling 's DO first - quarter results were unremarkable , except that the firm reduced its special dividend to $ 1 . 375 per share from
Morningstar is initiating credit coverage of Diamond Offshore Drilling DO with an A rating , reflecting the general safety of this credit due to the firm's high ongoing cash flows and reasonable debt