DOFSQ News and Press, Diamond Offshore Drilling Inc.

Diamond Offshore Drilling (OTCPK:DOFSQ) has received approval to relist its unrestricted common stock on the NYSE under the ticker symbol "DO." The company expects to commence trading on or about  March 30, 2022. Bernie Wolford, Jr., President and Chief Executive Officer, stated, "We are...

The benchmark US crude oil grade WTI spiked by 11% in early afternoon futures trading to $106.75 a barrel, the highest since June 2014, before beginning to ease off just a tad. WTI is now up 20% from a month ago and 75% from a year ago. Now the industry is in no hurry to increase ...

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 sh...

Diamond Offshore Drilling (DOFSQ) and its debtor affiliates say they emerged from their Chapter 11 process after successfully completing a financial reorganization pursuant to their joint plan of reorganization.Diamond Offshore says the restructuring provided substantial liquidity, resulting ...

Note: I have covered Transocean (NYSE: RIG ) previously, so investors should view this as an update to my earlier articles on the company. On Wednesday, leading offshore driller Valaris PLC ( OTCPK:VALPQ ) finally filed for bankruptcy , a move that had been anticipated by the in...

Thesis I believe investing in Loews to be a low-risk way to achieve an average return. Multiple divisions of Loews have been negatively affected by the COVID19 pandemic, which presents a positive forward-looking earnings picture. Meanwhile, as cashflow and earnings improve, I expect Loews to...