Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This stock will be at 0.30 in another week or two.
Sorry WTI crude under 18.
Me too. Added at .76 and wish I had added more.
I'm guessing this might tank on Monday. Good luck!
Back in DO 1.70
Ten year downward trend, below all moving averages, new lows. Skippity DO.
DIAMOND OFFSHORE INCOME UP FAST AND SHARE DROP LIKE A STONE IN JUPITER
LOL
buy a big block now for me
$DO: They should buyout Vantage-Drilling with Backlogs
$DO can buyout $VTGDF on the cheap right now after its come out
of restructuring.
Nothing but easy increase to asset base for $DO by taking them out.
$VTGDF is sooooooooooo cheap right now.
GO $DO
* * $DO Video Chart 08-05-2019 * *
Link to Video - click here to watch the technical chart video
$DO Diamond Offshore -6% as Q1 revenue, dayrates drop
Diamond Offshore Drilling (DO -6.3%) sinks deep into the red after reporting a slightly smaller than expected Q1 loss, a 21% Y/Y decline in revenues and steadily lower average dayrates for its vessels.
Contract drilling revenue fell during the quarter mostly due to lower average daily revenue earned ($30.5M) and the effect of 74 fewer revenue-earning days ($25.9M).
DO says average dayrates for its fleet in Q1 were $309K, down from $315K in Q4 last year and $351K in the year-ago quarter.
Total contracted backlog at the end of Q1 was $1.8B, which excludes backlog secured in April 2019 from new four-year contracts with Woodside Petroleum for the Ocean BlackRhino and Ocean BlackHawk drillships in Senegal; the new dayrates are not disclosed.
Why is there no one on IHub talking about DO, it's a great company to buy right now and even better if you bought it a few months ago...
$DO Diamond Offshore +3% after strong Q2 earnings beat
Diamond Offshore Drilling (DO +3.3%) enjoys strong gains after easily beating Q2 earnings expectations, boosted by higher utilization in the ultra-deep and deepwater segments.
Q2 revenues in DO's ultra-deepwater segment rose 16% Q/Q in Q2, representing 72% of total drilling revenues vs. 67% in Q1, with utilization of 59% vs. Q1's 50% but at a slightly lower dayrate of $436K.
DO says its contracted backlog as of June 30 was $2.9B.
Additionally, DO says it stacked one semi-sub rig and is selling five others, according to its latest fleet status report; the Ocean Victory reportedly was stacked after working for BP offshore Trinidad and Tobago under a two-year term which ended in May at a dayrate of $398K.
Diamond Offshore wins favorable ruling vs. Petrobras in Brazilian court
Diamond Offshore Drilling (DO +1.2%) is higher after disclosing a favorable appeal court ruling in Brazil upholding a lower court decision barring Petrobras (PBR -2%) from unilaterally terminating its contract with the company.
DO filed suit last August after PBR terminated a drilling contract for the Ocean Valor drilling rig more than two years ahead of its scheduled October 2018 expiration; in September, a Brazilian court issued a preliminary injunction suspending PBR's action and ordering the contract to remain in effect until the end of its term.
The oil industry nightmare will not end anytime soon, and "it seems clear that the oversupply of drilling capacity may persist well into 2017 and possibly beyond," Diamond Offshore (NYSE:DO) CEO Marc Edwards said in today's earnings conference call.
Diamond Offshore (NYSE:DO) +4.6% premarket on news that Petrobras (NYSE:PBR) terminated contracts for two of its drilling rigs ahead of schedule in return for extending the contract on another rig by 875 days.
While ending contracts on the Alliance and Clipper ahead of schedule, DO says it extended the contract on the Ocean Courage in Brazil at a $380K dayrate, representing revenue backlog of $333M, and will extend the contract into mid-2020.
DO also books a one-year contract on the Ocean Guardian in the U.K. North Sea at $220K/day, starting in March 2016.
Moody's places 11 offshore drilling companies under review for a downgrade, citing concerns regarding "an extremely challenging operating environment through at least 2017."
The ratings agency expects oil prices to remain volatile and rise minimally through 2017, meaning the energy producers that hire offshore drillers will remain under pressure to keep a lid on spending.
"Sustained weak crude oil prices and a steady supply of newbuild rigs will cause significant credit erosion as contracted backlogs, revenues and cash flows continue to fade," Moody's writes, and "fewer offshore drilling opportunities will be available, resulting in a potentially prolonged period of lower dayrates and fleet utilization."
The companies under review are DO, ESV, NE, RDC, RIG, ATW, SDLP, ORIG, PGN, PACD and Shelf Drilling Midco.
Offshore drilling stocks could see further downside despite already falling ~30% in two months, Barclays analysts say, expecting offshore spending to decline by double digits again in 2016 as operators wait for signs of oil price stability and lower development costs before committing resources.
The Goldman Sachs energy team is as gloomy as ever on offshore drillers such as Sell-rated Transocean (RIG -3%) and Diamond Offshore (DO +0.9%), as well as downgraded Atwood Oceanics (ATW -3.2%), believing that 2017 will be "a particularly painful year."
Diamond Offshore (DO -0.2%) is downgraded to Underperform from Market Perform with a $24 price target, lowered from $30, at FBR Capital, which says it is significantly reducing its estimates given DO's Q1 earnings as well as an industry floating rig market consensus that not only should utilization and dayrates remain under pressure through 2015, but also that the start of the next up cycle remains unlikely before H2 2016 at the earliest.
$DO recent news/filings
bullish
## source: finance.yahoo.com
Thu, 30 Apr 2015 19:01:00 GMT ~ Ensco, Transocean & Noble Top S&P 500 as Oil Finishes Best Month in Six Years
read full: http://blogs.barrons.com/stockstowatchtoday/2015/04/30/ensco-transocean-noble-top-sp-500-as-oil-finishes-best-month-in-six-years/?mod=yahoobarrons&ru=yahoo
*********************************************************
Tue, 28 Apr 2015 13:00:44 GMT ~ What to Expect From Oil Services ETFs
read full: http://finance.yahoo.com/news/expect-oil-services-etfs-130044482.html
*********************************************************
Fri, 24 Apr 2015 18:06:09 GMT ~ IMF Hikes the Eurozone’s 2015 Growth Forecast to 1.5%
read full: http://finance.yahoo.com/news/imf-hikes-eurozone-2015-growth-180609241.html
*********************************************************
Fri, 24 Apr 2015 16:31:03 GMT ~ How To Spot An Undervalued Oil Company
read full: http://finance.yahoo.com/news/spot-undervalued-oil-company-163103711.html
*********************************************************
Fri, 17 Apr 2015 15:07:48 GMT ~ Blue Harbour Eliminates Its Position in Nabors Industries
read full: http://finance.yahoo.com/news/blue-harbour-eliminates-position-nabors-150748352.html
*********************************************************
$DO charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$DO company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/DO/company-info
Ticker: $DO
OTC Market Place: Not Available
CIK code: 0000949039
Company name: Diamond Offshore Drilling, Inc.
Incorporated In: DE, USA
$DO share structure
## source: otcmarkets.com
Market Value: $4,590,340,180 a/o Apr 30, 2015
Shares Outstanding: 137,147,899 a/o Feb 16, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$DO extra dd links
Company name: Diamond Offshore Drilling, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/DO/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/DO/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=DO+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=DO+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=DO+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/DO/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/DO/news - http://finance.yahoo.com/q/h?s=DO+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/DO/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/DO/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/DO/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/DO/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/DO/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/DO/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/DO/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/DO/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=DO+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/DO
DTCC (dtcc.com): http://search2.dtcc.com/?q=Diamond+Offshore+Drilling%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Diamond+Offshore+Drilling%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Diamond+Offshore+Drilling%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/DO/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/DO
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/DO/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/DO/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/DO/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000949039&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/DO/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/DO/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/DO/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/DO/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=DO&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=DO
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/DO/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=DO+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=DO+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=DO
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=DO
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=DO+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/DO/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=DO+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/DO.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=DO
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/DO/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/DO/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/DO/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/DO/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/DO
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/DO
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/DO:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=DO
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=DO
$DO DD Notes ~ http://www.ddnotesmaker.com/DO
Holy crap I have no holdings in oil/gas and I am very lucky to have not had any. DO has been on my watch for a while just never got around to executing on this. I am waiting till after December when stocks IMO take a nasty dive after QE ends but I very much want a piece of this co
I had the 47.50 calls and sold them too early but still nice profit on earnings!
Diamond Offshore Declares Special Cash Dividend of $0.75 per Share
Thu July 25, 2013 6:00 AM | about: DO
NEWS PROVIDED BY:
PR Newswire
HOUSTON, July 25, 2013 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on September 3, 2013 to shareholders of record on August 6, 2013.
(Logo: http://photos.prnewswire.com/prnh/20130725/NY53104LOGO-b )
The Board reiterated its stated policy of considering paying special cash dividends, in amounts to be determined, on a quarterly basis. Any determination to declare a special dividend, as well as the amount of any special dividend that may be declared, will be based on the Company's financial position, earnings, earnings outlook, capital spending plans and other relevant factors at that time.
6:05 AM Diamond Offshore (DO): Q1 EPS of $1.27 beats by $0.13. Revenue of $730M beats by $17.34M.
$.875 DIVIE coming up! 6:25 AM Diamond Offshore Drilling, Inc. (DO) declares $0.125/share quarterly dividend, in line with previous. Forward yield 0.73%. For shareholders of record May 07. Payable June 03. Ex-div date May 03. The board declares special dividend of $0.75/share, payable with regular dividend.
Bet the sector! :)
Long too, glad I have both it and it's main competitor, easier than just picking one, LOL.
I am long $DO here and glad to see the ongoing dividend guidance.
Diamond Offshore Declares Special Cash Dividend of $0.75 per Share
Tue February 5, 2013 6:00 AM | about: DO
NEWS PROVIDED BY:
Business Wire
Also Declares Regular Cash Dividend of $0.125 per Share
HOUSTON--(BUSINESS WIRE)-- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that the Company has declared a special quarterly cash dividend of $0.75 per share of common stock and a regular quarterly cash dividend of $0.125 per share of common stock. Both dividends are payable on March 1, 2013 to shareholders of record on February 19, 2013.
The Board reiterated its stated policy of considering paying special cash dividends, in amounts to be determined, on a quarterly basis. Any determination to declare a special dividend, as well as the amount of any special dividend that may be declared, will be based on the Company's financial position, earnings, earnings outlook, capital spending plans and other relevant factors at that time.
ABOUT DIAMOND OFFSHORE (DO)
Diamond Offshore provides contract drilling services to the energy industry and is a leader in deepwater drilling. Diamond Offshores fleet of offshore drilling rigs consists of 30 semisubmersibles, seven jack-ups and one drillship, in addition to four ultra-deepwater drillships and two deepwater semisubmersibles currently under construction. For additional information and access to SEC filings, please visit the Companys website at www.diamondoffshore.com. Diamond Offshore is a 50.4% owned subsidiary of Loews Corporation.
FORWARD-LOOKING STATEMENTS
Statements contained in this press release which are not historical facts are forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of risks that could cause actual results to differ materially from those expected by management of the Company. A discussion of the important risk factors and other considerations that could materially impact these matters as well as the Companys overall business and financial performance can be found in the Companys reports filed with the Securities and Exchange Commission and readers of this release are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are available through the Companys website www.diamondoffshore.com. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Any such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Companys expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based.
At Diamond Offshore, earnings per share peaked at $9.89 in 2009 before retreating to $4.63 in 2012.
However, this year may be the trough for earnings. Analysts are projecting a return to earnings growth in FY13, with consensus looking for a 14% lift to $5.27.
This would mark the most substantial percentage gain in earnings since 2008.
Nice and steady. Market looks like its ready to go to the next level.
3:18 PM Recent deals struck by Diamond Offshore (DO +1.8%) and Noble (NE +4.3%) paint a picture of a market in which deepwater oil rigs will be in high demand for years, while other drilling segments may end up being too well supplied. DO predicts as many as 40 deepwater rigs in the Gulf of Mexico next year, vs. 31 now; both firms expect ultra-deepwater rates to keep heading higher.
6:39 AM Diamond Offshore Drilling (DO) declares $0.125/share quarterly dividend, in line with previous. Forward yield 0.72%. For shareholders of record Nov 01. Payable Dec 03. Ex-div date Oct 30. Additionally, the company has declared special dividend of $0.75/share payable with regular dividend.
3:21 PM Offshore drilling is in a "very, very strong” position thanks to global rig demand and the booming oil and gas E&P business, Diamond Offshore (DO -1.9%) chairman James Tisch tells CNBC. Dayrates for sixth-generation rigs have risen from $400K/day a few years ago to $550K-$600K now, he says; natural gas is “transformative for our economy."
12:21 PM Midwater rigs are in a sweet spot, Credit Suisse says, as increasing demand coupled with tight supply should push dayrates higher into 2014. Transocean (RIG), Diamond Offshore (DO) and Ensco (ESV) have the most midwater exposure, with 12, nine and five rigs respectively rolling off contract through 2014.
Followers
|
12
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
188
|
Created
|
10/08/06
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |