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home / news releases / L - What Happened To Diamond Offshore Drilling - From A Dividend Monster To A Broken Ship

L - What Happened To Diamond Offshore Drilling - From A Dividend Monster To A Broken Ship

Loews Corporation
  • Unlike other Energy sub-sectors where we have seen a recovery in profits on the back of higher oil prices, the offshore drilling subsector remains highly challenged with weak prospects.
  • Despite its Chapter 11 restructuring that saw almost $2 billion in debt removed from its balance sheet, Diamond Offshore (DOFSQ) does not exhibit healthy earnings recovery metrics.
  • Diamond Offshore is not a good pick for investors looking to take advantage of higher oil prices.

For further details see:

What Happened To Diamond Offshore Drilling - From A Dividend Monster To A Broken Ship
Stock Information
Company Name: Loews Corporation
Stock Symbol: L
Market: NYSE
Website: loews.com
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