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Diamond Offshore (NYSE:DO) +4.6% premarket on news that

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Timothy Smith   Monday, 11/02/15 08:24:21 AM
Re: None
Post # of 68 
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.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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