Diamond Offshore Drilling: Good News for One, Good News for All

Diamond Offshore Drilling (DO) hit black gold with its earnings release today–and gave the beaten-down sector a boost, as Transocean (RIG), Seadrill (SDRL) and Noble Corp. (NE) all posted big gains. Reuters Heading into today, it had been a tough, tough year for the offshore drillers as investors bet that the market for rigs would [...]