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VAL - Diamond And The Offshore Space Seem Uninvestable
Valspar Corporation
It has been about one year since I last looked at Diamond Offshore (DO) and the offshore drilling space in general. I decided to take a peek into the sector to assess how the players have performed over the past 12 months after crude oil prices recovered 10% to 15% during the period. Helping me to gauge the overall landscape was Diamond's 2Q19 earnings results, released on August 5, ahead of the opening bell.