SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy
Diamond Offshore DO
An SI Board Since May 1998
Posts SubjectMarks Bans Symbol
101 3 0 DO
Emcee:  Donald L. Dominicci Type:  Unmoderated
Introduction Market Data Compact
DO has the largest deep water drilling fleet in the world,but gets very little publicity. I am starting this thread so that I can share some information I learned from IR today that IMHO is significant regarding the 15 rigs that have to go into a shipyard for a Govt. mandated inspection ( see 1997 10K or 10Q for 1st qtr.)during 1998.
I talked with IR @ DO today and was told the following.
1. 13 of the 15 being inspected are Semis, &2 Jackups.
2. They figure an average of 30 days down time per rig. So we can expect 30 days of lost rev. for 13 semis or 390 days @ $150K per (EST) + the 60 days for the jackups. They also will incur add'l expense in moving the rigs. Bottom line IMHO this sounds like it could impact earn. This year significantly. I am not sure how much of this is built into the current earnings estimates. I hope all, but I am afraid to gamble on that assumption. I hold a sizable pos. in both FLC & DO and have been evaluating which one to add to this week. This inf. Made the choice easy. I added more FLC this AM @ $32. Comments will be appreciated. Good Luck Don
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
101Hi guys. I'm little concerned about the future of offshore drilling industryArtemS-8/4/2010
100DO is now trying to bottom out here. YogiYogizuna-10/20/2000
99RK, You are still very bullish on the stock, and that has to be respected in my Yogizuna-8/27/2000
98I don't know much about short-term (hourly/daily or even weekly) TA, so IRoadkill-8/27/2000
97Yes, it is a bit difficult to go short the drillers these days..... <g> I Yogizuna-8/27/2000
96>>Possible top signal in for DO.<< Perhaps a daily or weekly top, bRoadkill-8/25/2000
95Possible top signal in for DO.Yogizuna-8/25/2000
94DO is now trying to hold on to rising trend-line support, while at the same timeYogizuna-8/16/2000
93 To All, biz.yahoo.com Tuesday August 17, 9:02 am Eastern Time Company Press RAggie-8/17/1999
92 I think consolidation will continue for the drillers and the major oil companieBrian Malloy-7/14/1999
91 Re: Drillers' consolidation, DO Brian--As this deep-water driller has bounroyco-7/12/1999
90 The Oils/drillers are looking good for the summer. Picked up some Aug30 calls Brian Malloy-7/2/1999
89 DO could be up due to this: thestreet.comRobert Floyd-6/13/1999
88 >>then why is MRL down? Just because of a two week delay of their 500 rigHenrik-6/11/1999
87 OK, then why is MRL down? Just because of a two week delay of their 500 rig?Bald Eagle-6/11/1999
86quote.yahoo.com^osx&d=t >>Anyone know why DO is moving up on a down dHenrik-6/11/1999
85 Anyone know why DO is moving up on a down day? I don't see any news out theBald Eagle-6/11/1999
84 Bloomberg says the oil gut is dissipating. Check out this story: quote.bloombeRobert T. Quasius-4/10/1999
83 Agreed. Both DO and RIG have great potential, once we get past this cyclical boRobert T. Quasius-3/21/1999
82 DO is TheDog's top value pick: cbs.marketwatch.com big loosbrock.comBig Dog-3/19/1999
81 Compared the 2 balance sheets, DO has more advantage with more cash on hand andMay Tran-3/12/1999
80 Good choice to be sticking with RIG, however, DO has also a lot of potential.P P Bravo-3/10/1999
79 I think RIG has the right balance of cash and blue chip assets. I'm stickinRobert T. Quasius-3/6/1999
78 <i>Also I notice that RIG stock price is below DO. I couldn't figure Jacques Tootight-3/6/1999
77 DO is holding very well today in the face of other driller decline. Does anyoneMMW-3/6/1999
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News