Diamond Offshore DO Message Board

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Gold/Mining/Energy : Diamond Offshore DO

DO 13.99

0.0%

Sep 4 5:00 PM EST

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To: Jacques Tootight who wrote (78)	3/12/1999 7:11:00 AM
From: May Tran	Read Replies (2) of 101

Compared the 2 balance sheets, DO has more advantage with more cash on hand and no debt. Cash on hand has served handsomely at a down time like this. Soon, DO will move above RIG. But both are nice to have in your portfolio. RIG RIG is engaged in contract drilling of oil and gas wells in offshore areas throughout the world. RIG operates a fleet of 30 offshore drilling rigs. For the nine months ended 9/30/98, revenues increased 20% to $778.9M. Net income totalled $240.2M, up from $94.7M. Revenues reflect an increase in dayrates and the inclusion of the Transocean ASA results from the combination. Earnings also reflect a $21.3M gain on termination of cash flow sharing agreement DO Diamond Offshore Drilling engages in the worldwide contract drilling of offshore oil and gas wells, and deep water drilling. For the FY ended 12/31/98, revenues increased 26% to $1.21B. Net income increased 38% to $383.7M. Revenues reflect higher revenues from fourth generation semisubmersibles and other semisubmersibles due to increased operating dayrates. Net income reflects increased interest and other income. Happy Investing, Johnny

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