Intrinsic value of Diamond Offshore Drilling - DO

Previous Close

$19.63

  Intrinsic Value

$6.89

stock screener

  Rating & Target

str. sell

-65%

Previous close

$19.63

 
Intrinsic value

$6.89

 
Up/down potential

-65%

 
Rating

str. sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of DO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -33.86
  4.90
  4.91
  4.92
  4.93
  4.93
  4.94
  4.95
  4.95
  4.96
  4.96
  4.97
  4.97
  4.97
  4.97
  4.98
  4.98
  4.98
  4.98
  4.98
  4.99
  4.99
  4.99
  4.99
  4.99
  4.99
  4.99
  4.99
  4.99
  4.99
  5.00
Revenue, $m
  1,600
  1,678
  1,761
  1,847
  1,938
  2,034
  2,135
  2,240
  2,351
  2,468
  2,590
  2,719
  2,854
  2,996
  3,145
  3,301
  3,466
  3,638
  3,820
  4,010
  4,210
  4,420
  4,640
  4,872
  5,115
  5,370
  5,639
  5,920
  6,216
  6,526
  6,852
Variable operating expenses, $m
 
  1,549
  1,625
  1,705
  1,789
  1,877
  1,970
  2,068
  2,170
  2,278
  2,391
  2,509
  2,634
  2,765
  2,903
  3,047
  3,199
  3,358
  3,525
  3,701
  3,886
  4,080
  4,283
  4,497
  4,721
  4,957
  5,204
  5,464
  5,737
  6,024
  6,325
Fixed operating expenses, $m
 
  504
  517
  530
  543
  557
  571
  585
  599
  614
  630
  646
  662
  678
  695
  713
  730
  749
  767
  787
  806
  826
  847
  868
  890
  912
  935
  958
  982
  1,007
  1,032
Total operating expenses, $m
  1,957
  2,053
  2,142
  2,235
  2,332
  2,434
  2,541
  2,653
  2,769
  2,892
  3,021
  3,155
  3,296
  3,443
  3,598
  3,760
  3,929
  4,107
  4,292
  4,488
  4,692
  4,906
  5,130
  5,365
  5,611
  5,869
  6,139
  6,422
  6,719
  7,031
  7,357
Operating income, $m
  -357
  -375
  -381
  -388
  -394
  -400
  -406
  -412
  -418
  -424
  -430
  -436
  -442
  -448
  -453
  -458
  -464
  -468
  -473
  -478
  -482
  -486
  -490
  -493
  -496
  -499
  -501
  -502
  -504
  -504
  -504
EBITDA, $m
  25
  27
  40
  55
  70
  87
  105
  124
  145
  166
  190
  215
  241
  270
  300
  332
  366
  403
  441
  482
  526
  572
  621
  673
  729
  787
  849
  915
  985
  1,058
  1,136
Interest expense (income), $m
  106
  97
  103
  110
  116
  123
  131
  139
  147
  155
  164
  174
  184
  194
  205
  217
  229
  241
  255
  269
  283
  299
  315
  332
  350
  369
  388
  409
  431
  454
  478
Earnings before tax, $m
  -468
  -472
  -485
  -497
  -510
  -523
  -537
  -551
  -565
  -580
  -595
  -610
  -626
  -642
  -658
  -675
  -692
  -710
  -728
  -746
  -765
  -785
  -805
  -825
  -846
  -867
  -889
  -912
  -934
  -958
  -982
Tax expense, $m
  -95
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -373
  -472
  -485
  -497
  -510
  -523
  -537
  -551
  -565
  -580
  -595
  -610
  -626
  -642
  -658
  -675
  -692
  -710
  -728
  -746
  -765
  -785
  -805
  -825
  -846
  -867
  -889
  -912
  -934
  -958
  -982

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  156
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  6,372
  6,531
  6,851
  7,188
  7,543
  7,915
  8,306
  8,717
  9,148
  9,602
  10,078
  10,579
  11,104
  11,656
  12,236
  12,845
  13,485
  14,157
  14,862
  15,603
  16,381
  17,198
  18,056
  18,957
  19,903
  20,897
  21,940
  23,036
  24,186
  25,394
  26,663
Adjusted assets (=assets-cash), $m
  6,216
  6,531
  6,851
  7,188
  7,543
  7,915
  8,306
  8,717
  9,148
  9,602
  10,078
  10,579
  11,104
  11,656
  12,236
  12,845
  13,485
  14,157
  14,862
  15,603
  16,381
  17,198
  18,056
  18,957
  19,903
  20,897
  21,940
  23,036
  24,186
  25,394
  26,663
Revenue / Adjusted assets
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
Average production assets, $m
  6,053
  6,349
  6,661
  6,989
  7,333
  7,695
  8,075
  8,475
  8,894
  9,335
  9,798
  10,285
  10,796
  11,333
  11,896
  12,488
  13,110
  13,763
  14,449
  15,170
  15,926
  16,720
  17,555
  18,431
  19,351
  20,316
  21,331
  22,396
  23,515
  24,689
  25,922
Working capital, $m
  165
  119
  125
  131
  138
  144
  152
  159
  167
  175
  184
  193
  203
  213
  223
  234
  246
  258
  271
  285
  299
  314
  329
  346
  363
  381
  400
  420
  441
  463
  487
Total debt, $m
  2,085
  2,108
  2,238
  2,374
  2,518
  2,668
  2,827
  2,993
  3,168
  3,352
  3,545
  3,747
  3,960
  4,184
  4,419
  4,665
  4,924
  5,196
  5,482
  5,782
  6,097
  6,428
  6,776
  7,141
  7,524
  7,926
  8,349
  8,792
  9,258
  9,748
  10,261
Total liabilities, $m
  2,622
  2,645
  2,775
  2,911
  3,055
  3,205
  3,364
  3,530
  3,705
  3,889
  4,082
  4,284
  4,497
  4,721
  4,956
  5,202
  5,461
  5,733
  6,019
  6,319
  6,634
  6,965
  7,313
  7,678
  8,061
  8,463
  8,886
  9,329
  9,795
  10,285
  10,798
Total equity, $m
  3,750
  3,886
  4,077
  4,277
  4,488
  4,709
  4,942
  5,186
  5,443
  5,713
  5,997
  6,294
  6,607
  6,936
  7,281
  7,643
  8,023
  8,423
  8,843
  9,284
  9,747
  10,233
  10,743
  11,279
  11,842
  12,434
  13,054
  13,706
  14,391
  15,110
  15,864
Total liabilities and equity, $m
  6,372
  6,531
  6,852
  7,188
  7,543
  7,914
  8,306
  8,716
  9,148
  9,602
  10,079
  10,578
  11,104
  11,657
  12,237
  12,845
  13,484
  14,156
  14,862
  15,603
  16,381
  17,198
  18,056
  18,957
  19,903
  20,897
  21,940
  23,035
  24,186
  25,395
  26,662
Debt-to-equity ratio
  0.556
  0.540
  0.550
  0.560
  0.560
  0.570
  0.570
  0.580
  0.580
  0.590
  0.590
  0.600
  0.600
  0.600
  0.610
  0.610
  0.610
  0.620
  0.620
  0.620
  0.630
  0.630
  0.630
  0.630
  0.640
  0.640
  0.640
  0.640
  0.640
  0.650
  0.650
Adjusted equity ratio
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595
  0.595

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -373
  -472
  -485
  -497
  -510
  -523
  -537
  -551
  -565
  -580
  -595
  -610
  -626
  -642
  -658
  -675
  -692
  -710
  -728
  -746
  -765
  -785
  -805
  -825
  -846
  -867
  -889
  -912
  -934
  -958
  -982
Depreciation, amort., depletion, $m
  382
  402
  422
  442
  464
  487
  511
  536
  563
  591
  620
  651
  683
  717
  753
  790
  830
  871
  915
  960
  1,008
  1,058
  1,111
  1,166
  1,225
  1,286
  1,350
  1,417
  1,488
  1,563
  1,641
Funds from operations, $m
  735
  -70
  -63
  -55
  -46
  -36
  -26
  -14
  -2
  11
  26
  41
  58
  76
  95
  116
  138
  161
  187
  214
  243
  273
  306
  341
  379
  419
  461
  506
  554
  605
  659
Change in working capital, $m
  88
  6
  6
  6
  6
  7
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  14
  14
  15
  16
  16
  17
  18
  19
  20
  21
  22
  23
Cash from operations, $m
  647
  -76
  -69
  -61
  -52
  -43
  -33
  -22
  -10
  3
  17
  32
  48
  66
  84
  104
  126
  149
  174
  200
  228
  259
  291
  325
  362
  400
  442
  486
  533
  583
  635
Maintenance CAPEX, $m
  0
  -383
  -402
  -422
  -442
  -464
  -487
  -511
  -536
  -563
  -591
  -620
  -651
  -683
  -717
  -753
  -790
  -830
  -871
  -915
  -960
  -1,008
  -1,058
  -1,111
  -1,166
  -1,225
  -1,286
  -1,350
  -1,417
  -1,488
  -1,563
New CAPEX, $m
  -653
  -297
  -312
  -328
  -344
  -362
  -380
  -399
  -420
  -441
  -463
  -487
  -511
  -537
  -564
  -592
  -622
  -653
  -686
  -720
  -756
  -794
  -834
  -876
  -920
  -966
  -1,014
  -1,065
  -1,118
  -1,174
  -1,233
Cash from investing activities, $m
  -426
  -680
  -714
  -750
  -786
  -826
  -867
  -910
  -956
  -1,004
  -1,054
  -1,107
  -1,162
  -1,220
  -1,281
  -1,345
  -1,412
  -1,483
  -1,557
  -1,635
  -1,716
  -1,802
  -1,892
  -1,987
  -2,086
  -2,191
  -2,300
  -2,415
  -2,535
  -2,662
  -2,796
Free cash flow, $m
  221
  -756
  -782
  -810
  -839
  -869
  -900
  -933
  -966
  -1,001
  -1,037
  -1,075
  -1,114
  -1,154
  -1,197
  -1,241
  -1,286
  -1,334
  -1,383
  -1,435
  -1,488
  -1,544
  -1,602
  -1,662
  -1,725
  -1,790
  -1,858
  -1,929
  -2,003
  -2,080
  -2,160
Issuance/(repayment) of debt, $m
  -182
  127
  130
  136
  143
  151
  158
  166
  175
  184
  193
  203
  213
  224
  235
  247
  259
  272
  286
  300
  315
  331
  347
  365
  383
  402
  423
  444
  466
  489
  514
Issuance/(repurchase) of shares, $m
  0
  660
  675
  698
  721
  745
  770
  795
  822
  849
  878
  908
  938
  970
  1,003
  1,037
  1,073
  1,109
  1,148
  1,187
  1,228
  1,271
  1,315
  1,361
  1,409
  1,458
  1,510
  1,563
  1,619
  1,677
  1,737
Cash from financing (excl. dividends), $m  
  -183
  787
  805
  834
  864
  896
  928
  961
  997
  1,033
  1,071
  1,111
  1,151
  1,194
  1,238
  1,284
  1,332
  1,381
  1,434
  1,487
  1,543
  1,602
  1,662
  1,726
  1,792
  1,860
  1,933
  2,007
  2,085
  2,166
  2,251
Total cash flow (excl. dividends), $m
  37
  31
  23
  24
  25
  26
  28
  29
  31
  32
  34
  36
  37
  39
  41
  43
  45
  48
  50
  53
  55
  58
  61
  64
  67
  71
  74
  78
  82
  86
  90
Retained Cash Flow (-), $m
  363
  -660
  -675
  -698
  -721
  -745
  -770
  -795
  -822
  -849
  -878
  -908
  -938
  -970
  -1,003
  -1,037
  -1,073
  -1,109
  -1,148
  -1,187
  -1,228
  -1,271
  -1,315
  -1,361
  -1,409
  -1,458
  -1,510
  -1,563
  -1,619
  -1,677
  -1,737
Prev. year cash balance distribution, $m
 
  52
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -577
  -653
  -674
  -696
  -718
  -742
  -766
  -791
  -817
  -844
  -872
  -901
  -931
  -962
  -994
  -1,027
  -1,062
  -1,097
  -1,135
  -1,173
  -1,213
  -1,254
  -1,297
  -1,342
  -1,388
  -1,436
  -1,486
  -1,537
  -1,591
  -1,647
Discount rate, %
 
  6.10
  6.41
  6.73
  7.06
  7.41
  7.79
  8.17
  8.58
  9.01
  9.46
  9.94
  10.43
  10.95
  11.50
  12.08
  12.68
  13.32
  13.98
  14.68
  15.41
  16.19
  16.99
  17.84
  18.74
  19.67
  20.66
  21.69
  22.77
  23.91
  25.11
PV of cash for distribution, $m
 
  -544
  -576
  -554
  -530
  -502
  -473
  -442
  -409
  -376
  -342
  -308
  -274
  -241
  -209
  -180
  -152
  -127
  -104
  -84
  -67
  -52
  -40
  -30
  -22
  -16
  -11
  -7
  -5
  -3
  -2
Current shareholders' claim on cash, %
  100
  80.0
  64.3
  51.8
  41.9
  34.0
  27.7
  22.6
  18.5
  15.1
  12.5
  10.3
  8.5
  7.0
  5.9
  4.9
  4.1
  3.4
  2.9
  2.4
  2.0
  1.7
  1.5
  1.2
  1.1
  0.9
  0.8
  0.7
  0.6
  0.5
  0.4

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water. The principal markets for its offshore contract drilling services are the Gulf of Mexico, including the United States and Mexico; South America, principally offshore Brazil, and Trinidad and Tobago; Australia and Southeast Asia, including Malaysia, Indonesia and Vietnam; Europe, principally offshore the United Kingdom and Norway; East and West Africa; the Mediterranean, and the Middle East. The Company provides offshore drilling services to a customer base that includes independent oil and gas companies, and government-owned oil companies.

FINANCIAL RATIOS  of  Diamond Offshore Drilling (DO)

Valuation Ratios
P/E Ratio -7.2
Price to Sales 1.7
Price to Book 0.7
Price to Tangible Book
Price to Cash Flow 4.2
Price to Free Cash Flow -448.8
Growth Rates
Sales Growth Rate -33.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -21.4%
Cap. Spend. - 3 Yr. Gr. Rate -7.4%
Financial Strength
Quick Ratio 2
Current Ratio 0.3
LT Debt to Equity 52.8%
Total Debt to Equity 55.6%
Interest Coverage -3
Management Effectiveness
Return On Assets -4.3%
Ret/ On Assets - 3 Yr. Avg. -0.3%
Return On Total Capital -6.1%
Ret/ On T. Cap. - 3 Yr. Avg. -1.6%
Return On Equity -9.5%
Return On Equity - 3 Yr. Avg. -2.5%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 48.1%
Gross Margin - 3 Yr. Avg. 46.2%
EBITDA Margin 1.3%
EBITDA Margin - 3 Yr. Avg. 16.6%
Operating Margin -22.3%
Oper. Margin - 3 Yr. Avg. -4.7%
Pre-Tax Margin -29.3%
Pre-Tax Margin - 3 Yr. Avg. -8.9%
Net Profit Margin -23.3%
Net Profit Margin - 3 Yr. Avg. -7%
Effective Tax Rate 20.3%
Eff/ Tax Rate - 3 Yr. Avg. 24.4%
Payout Ratio 0%

DO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DO stock intrinsic value calculation we used $1600 million for the last fiscal year's total revenue generated by Diamond Offshore Drilling. The default revenue input number comes from 2016 income statement of Diamond Offshore Drilling. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our DO stock valuation model: a) initial revenue growth rate of 4.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.1%, whose default value for DO is calculated based on our internal credit rating of Diamond Offshore Drilling, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Diamond Offshore Drilling.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of DO stock the variable cost ratio is equal to 92.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $492 million in the base year in the intrinsic value calculation for DO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.9% for Diamond Offshore Drilling.

Corporate tax rate of 27% is the nominal tax rate for Diamond Offshore Drilling. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the DO stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for DO are equal to 378.3%.

Life of production assets of 15.8 years is the average useful life of capital assets used in Diamond Offshore Drilling operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for DO is equal to 7.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3750 million for Diamond Offshore Drilling - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 136.095 million for Diamond Offshore Drilling is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Diamond Offshore Drilling at the current share price and the inputted number of shares is $2.7 billion.

RELATED COMPANIES Price Int.Val. Rating
RIG Transocean 11.60 10.07  hold
SLB Schlumberger 76.42 87.18  buy
ESV ENSCO 6.87 4.76  hold
RDC Rowan Cos. 15.92 10.16  sell

COMPANY NEWS

▶ Offshore Drillers: Analyzing Target Price Revisions   [Jan-17-18 12:15PM  Market Realist]
▶ Week 2: Moodys Downgraded Ensco   [10:45AM  Market Realist]
▶ US Offshore Rig Count Increased by 2   [09:12AM  Market Realist]
▶ One More Downgrade Comes in for Diamond Offshore   [Jan-16-18 03:25PM  Market Realist]
▶ Week 1 Update for Rowan Companies   [Jan-11-18 12:55PM  Market Realist]
▶ Are US Crude Oil Rigs Impacting Crude Oil Prices?   [Jan-09-18 09:40AM  Market Realist]
▶ Buy Transocean, Sell Diamond Offshore?   [Jan-04-18 10:23AM  Barrons.com]
▶ US Crude Oil Rigs Could Impact Crude Oil Prices in 2018   [Jan-02-18 12:30PM  Market Realist]
▶ US Natural Gas Rigs Rose 45% from a Year Ago   [Dec-22-17 10:50AM  Market Realist]
▶ Crude Oil Prices Add More Concerns for Gas Rigs and Prices   [Dec-08-17 11:40AM  Market Realist]
▶ Will value take the markets to the next milestone?   [Nov-30-17 04:20PM  CNBC Videos]
▶ Highlights of Seadrill Partners 3Q17 Results   [Nov-28-17 04:59PM  Market Realist]
▶ US Crude Oil Rigs Were Flat Last Week   [11:05AM  Market Realist]
▶ Will US Crude Oil and Gas Rigs Pressure Natural Gas Futures?   [Nov-17-17 09:44AM  Market Realist]
▶ Bankrupt Seadrills Stock Up 43% Last Week   [09:10AM  Market Realist]
▶ How Transocean Performed in 3Q17   [Nov-07-17 04:10PM  Market Realist]
▶ US Crude Oil Rigs Are near a 6-Month Low   [10:26AM  Market Realist]
▶ Diamond Offshore Drillings Backlog Tells about Its Future   [Nov-03-17 01:00PM  Market Realist]
▶ Drilling into Diamond Offshores 3Q17 Results   [09:56AM  Market Realist]
▶ Analysts Revisions: Diamond Offshore, Noble, and Ensco   [Nov-01-17 10:50AM  Market Realist]
▶ Diamond Offshore Drilling posts 3Q profit   [06:20AM  Associated Press]
▶ Will US Oil Rigs Support Crude Oil Bulls?   [Oct-23-17 10:45AM  Market Realist]
▶ Whats in Store for Enscos 3Q17 Results?   [Oct-20-17 01:25PM  Market Realist]
▶ Why Citi Group Downgraded Diamond Offshore to a Sell   [Oct-13-17 05:36PM  Market Realist]
▶ What Analysts Recommend for Offshore Drillers in Week 40   [Oct-11-17 09:11AM  Market Realist]
▶ Is Seadrill LTD a Buy?   [06:07AM  Motley Fool]
▶ US Crude Oil Rig Count Hit a 2-Week Low   [Oct-10-17 02:07PM  Market Realist]
▶ Why UBS Upgraded Several Offshore Drilling Companies   [Oct-03-17 11:36AM  Market Realist]
▶ Diamond Offshore Up 27% Since Coverage; More Upside Likely   [Oct-02-17 12:41PM  GuruFocus.com]
▶ Will US Natural Gas Rig Counts Recover?   [01:00PM  Market Realist]
▶ Transocean: Let's Make a Deal?   [Sep-28-17 12:56PM  Barrons.com]
▶ Transocean: 3 Reasons to Buy?   [Sep-25-17 12:04PM  Barrons.com]
▶ Why the US Crude Oil Rig Count Is Slowing   [10:26AM  Market Realist]
▶ Diamond Offshore Stock Best among Peers: What Analysts Say   [Sep-18-17 06:06PM  Market Realist]
Financial statements of DO
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.