Diamond Offshore Drilling, Inc. (NYSE:DO)
The Company provides contract drilling services to the energy industry around the globe and deals in deepwater drilling.
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Recs
dividendsrus
(93.52)
Submitted: 2/2/2012 11:26:41 AM :
Start Price:
$56.22
DO Score:
+1.26
Declines in production at oil majors bode well for offshore drilling.
Recs
THemler
(70.81)
Submitted: 12/21/2011 4:31:10 PM :
Start Price:
$55.44
DO Score:
+3.75
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.
Recs
BigOlDave
(28.56)
Submitted: 12/11/2011 5:40:17 PM :
Start Price:
$83.12
DO Score:
-48.91
Why do all investment sites (including TMF) show only Diamond Offshore's (DO) "Regular" Dividends, with no note about the "Special" dividends that are consistently paid (for at least 3 years, as far back as I could find info)? 2011's "Specials" were 4 at $0.75 each. "Regulars" were 4 at $0.125 each. That's a yield of 5.93% based on today's price, not 0.85% !!
But ... BUT, BUT
S&P awards it a humble 3 of 5 stars, with a $77.00 price target (12 mo), up 30% from today. Reuters does give it 8 out of 10, but with an even humbler target of $68.50 (=16.0%).
Obviously I'm losing my butt on DO, but it's in my IRA and I can't use the capital loss. Still, I think DO might surprise the analysts and outperform the S&P during the next 12 months. And it will pay a fairly nice dividend too.
Dave
Recs
lemoz
(61.29)
Submitted: 11/25/2011 11:13:49 PM :
Start Price:
$59.34
DO Score:
-8.26
The new ultra Deep water Drilling ships will allow this company to become competitive in the new ultra deep water market in Brazil and the US
Recs
BoricuaV
(< 20)
Submitted: 11/7/2011 8:32:17 PM :
Start Price:
$64.75
DO Score:
-10.44
Mucho underpriced
Recs
ipsiety
(26.35)
Submitted: 7/31/2011 7:47:48 PM :
Start Price:
$67.14
DO Score:
-10.68
Good balance sheet.
Has tremendous growth opportunity.
Is at a discount in terms of PE and PS.
Recs
alphadogg
(91.68)
Submitted: 7/21/2011 8:27:55 AM :
Start Price:
$69.83
DO Score:
-12.27
$140 target
Recs
Wyatt2luv
(< 20)
Submitted: 6/10/2011 10:49:55 AM :
Start Price:
$66.17
DO Score:
-11.57
Current Wall Street estimates are simply too pessimistic, DO earnings power can reach $12 per share in 2013 with the addition of the 3 newbuild 12,000 ultradeepwater drillships and two other newly built drillers that started working in 2010 bought at distressed prices in 2009. That means DO added 5 of the highest end drillips since 2009. DO earned close to $9.80 per share in 2009 even if it achieved that number which is very likely stock is currently trading at 6.9x P/E which is half the historical multiple on the stock. 2010 was the year of the Macondo disaster which led to DO moving rigs outside of GOM and incurring a lot of costs along the way which depressed margins and earnings.
Recs
ksiren
(< 20)
Submitted: 4/28/2011 9:45:09 AM :
Start Price:
$73.25
DO Score:
-14.71
Cheap and growing industry. Haven´t bounced yet back to pre-gulf disaster pricing.
Recs
harleydss
(< 20)
Submitted: 4/16/2011 2:12:20 PM :
Start Price:
$70.17
DO Score:
-14.88
Oil, is there any other reason?
Recs
ricky909
(< 20)
Submitted: 4/3/2011 10:45:01 AM :
Start Price:
$74.71
DO Score:
-18.07
Drill baby drill... This one does it good.
Recs
SCmaverick96
(< 20)
Submitted: 3/18/2011 10:28:39 PM :
Start Price:
$73.51
DO Score:
-19.90
I still believe it has room to grow after reading several reports of new rig development and gaining contracts in the gulf. Several have increased the stock price into the $80-$90 range. It will take a few years but I'm looking for this stock to make it back on top again.
Recs
tonitri
(< 20)
Submitted: 3/7/2011 12:52:57 PM :
Start Price:
$72.93
DO Score:
-17.93
we need oil, oil is far from surface and DO drills it
Recs
mrindependent
(91.87)
Submitted: 3/3/2011 9:10:25 AM :
Start Price:
$75.13
DO Score:
-19.33
I think oil and gas still has room to rise for a few months or more. This pick looks good because it has a stockscouter rating of 9 and CAPS 5.
Recs
randyriv
(42.61)
Submitted: 2/14/2011 4:42:22 PM :
Start Price:
$56.13
DO Score:
-14.84
A ridiculously cheap stock trading at ~11 times earnings. I suspect PEG ratio for to be <1.0 vs some of the figures posted out there. Future comps will have a low hurdle to jump based on the revenue and earnings hit DO took for their Gulf rigs in 2010 as a result of the BP fiasco. DO has also made investments in new rigs, which could be a catalyst for future growth.
An added bonus is the shareholder-friendly management that consistently issues special dividends, which puts current yields at just under 5%. So if the growth doesn't materialize as quickly as I suspect, I am at least getting paid nicely while I wait.
Recs
Hulo04
(< 20)
Submitted: 1/30/2011 3:43:50 PM :
Start Price:
$65.30
DO Score:
-10.31
Drilling for oil will start very soon.
Recs
TMFRisingStars
(47.92)
Submitted: 1/20/2011 12:25:48 PM :
Start Price:
$69.38
DO Score:
-16.21
Here's the buy rec:
http://www.fool.com/investing/general/2011/01/19/rising-star-buy-a-basket-of-energy-stocks.aspx?source=ihpsitota0000001&lidx=4
Recs
RWC68
(27.96)
Submitted: 1/17/2011 12:14:20 AM :
Start Price:
$70.23
DO Score:
-16.08
Oil is on the rise and Diamond will be there to bring it out of the ground. Alternative sources of energy are never gonna totally replace oil as a energy source.
Recs
Hotpicks101
(33.41)
Submitted: 1/12/2011 5:41:39 PM :
Start Price:
$67.47
DO Score:
-12.90
This thing shouldn't be so depressed. Will come back strong in 2011!
Recs
burg6390
(< 20)
Submitted: 1/10/2011 2:05:16 PM :
Start Price:
$64.98
DO Score:
-10.91
DO has tremendous 3 year revenue growth in the South American and Asian sectors. With Petrobras' 225 billion 5 year budget and Asia's fuel needs there will be increasing demand and high rig utilization. Additionally, a minor fluctuation in the P/E 10x to 12x could send the stock to 84 with no earnings surprises. The P/E has fluctuated much high and some of its peers trade at a much higher ratio. Finally, the large short interest will increase volume when people start covering at the first sign diamond returns to its rediculously high div. payout and will add rapid increases in the share price.I would bet the stock hits $85 by march and trades in a range between that and $93 until the later part of June.
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