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DO - Offshore Drilling: Drillships Fundamentals May 2019 Edition
Diamond Offshore Drilling Inc.
The recent downside in offshore drilling stocks prompted me to take another look at the industry's fundamentals. Here, on Seeking Alpha, the topic which can be loosely called "market sentiment vs. reality" has been debated for several weeks now. Even Bassoe Offshore recently came up with an article, which basically says that investors' expectations are their own problems, and that the industry is on its way up fundamentally.
Numbers don't lie, so we'll look at the numbers. As usual for this type of work, I'll use Bassoe Offshore database to get current drillship data.