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Diamond Offshore Drilling (NY: DO)
Streaming Delayed Price  /  Updated: 6:40 PM EDT, Apr 17, 2014  /  Add to My Watchlist      
(DO) Community Analysis from
April 19, 2014
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 )

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