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SDLP - Diamond Offshore: Market Is Throwing The Baby Out With The Bathwater
Seadrill Partners LLC Representing Limited Liability Company Interests
(Image: Semi-submersible Ocean BlackRhino Source: ALP Marine Traffic/Muratov Alexander)
Quick Analysis
After writing my two recent articles about Ensco Rowan (ESV) published on June 16 and Transocean (RIG) published on June 17, I decided that Diamond Offshore (DO) should be the next to analyze because of its dominating presence in the offshore drilling sector and the drastic drop of the stock price experienced by the industry recently as we can see below.
Data by YCharts
The Texas-based Diamond Offshore is among the most decent offshore drillers characterized primarily