Diamond Offshore Drilling, Inc. (NYSE:DO)

CAPS Rating: 3 out of 5

The Company provides contract drilling services to the energy industry around the globe and deals in deepwater drilling.

Recs

2
Player Avatar XMFSmashy (99.89) Submitted: 7/30/2010 10:43:41 AM : Underperform Start Price: $55.84 DO Score: +13.81

Less competitive mid/deepwater fleet is going to be hit disproportionately hard by the Gulf of Mexico moratorium + its spillover effects in other markets.

Member Avatar Gtrinvestor (99.71) Submitted: 1/4/2011 12:01:24 PM
Recs: 0

You may have been on to something for a few months while the publicity on this one was high, but I'm guessing that the momentum is gong to shift the other way once oil starts hitting $100+ per barrel (which is probably in a few weeks / months). You may want to close out this rec while you are still green.

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