Diamond Offshore Drilling, Inc. (NYSE:DO)
CAPS Rating:
The Company provides contract drilling services to the energy industry around the globe and deals in deepwater drilling.
The Company provides contract drilling services to the energy industry around the globe and deals in deepwater drilling.
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Recs
New GOM leases sold by US Govt recently - drilling there to resume soon. DO has strong support between 50-60. I'm positioning for next drilling upcycle.