| Diamond Offshore Drilling, Inc. | (NY: DO) |
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Official Closing Price
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(DO) Community Analysis from
Bulls REASONS TO BUY
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100%
agree
8 votes
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Strong cash flow and solid balance sheet will persist through market turmoil |
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100%
agree
1 votes
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DO can be added to S&P |
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100%
agree
1 votes
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Drilling for profit |
Bears REASONS TO SELL
May 21, 2013
(Random Roger's Big Picture,
12/31/12)
Jason Zweig had a writeup over the weekend about dividends that covered a lot of ground including an interesting point of view from the CEO of Diamond Offshore (DO) who talked about the extent to which...(read more)
(Stock Blog Hub,
9/21/11)
We have maintained our Neutral recommendation for Diamond Offshore Drilling Inc. (DO) given its solid fundamentals and financial disciplines, partially mitigated...(read more)
(Penny Stock DD,
2/7/11)
For the U.S. energy industry, the question at hand is the pace at which drilling activity will return to normal in the Gulf of Mexico, given the lingering effects of April's BP (NYSE: BP) and Transocean...(read more)
Diamond Offshore Drilling (DO) Company Overview
Diamond Offshore Drilling, Inc. (NYSE:DO) rents drilling rigs to gas and oil companies mostly in the Gulf of Mexico and Asia and is the second-largest contract driller by market capitalization.[1]
Falling oil prices reduce the revenue generated by oil companies and thus make drilling in deep-water locations prohibitively expensive. Declining demand for oil has had an adverse effect on the offshore drilling industry because lower oil prices reduce day rates earned by offshore drilling rigs. Additionally, declining interest in offshore drilling and oil exploration reduces contract activity.
(Read more at Wikinvest
) What's in this DO analysis on Wikinvest...
- News
- Company Overview
- Business Segments
- Geographic Segments
- Business Growth
- Trends and Forces
- Fears of oil leaks like the BP (BP) oil spill and the six month moratorium on offshore drilling in the Gulf of Mexico
- New state and federal legislation favors the offshore drilling industry
- The global financial crisis limits investment in new drilling projects
- Diamond Offshore has an aggressive growth strategy during economic downturns
- The economic feasibility of deep water oil exploration is affected by crude oil prices and day rates
- Severe weather conditions can damage offshore rigs and delay oil drilling
- Competition
- Market Share
- References
