- After emerging from bankruptcy and a failed attempt to sell itself last year, Diamond Offshore Drilling made its comeback on the NYSE.
- Discussing most recent fleet status report and industry outlook.
- Outlining expectations for the company getting acquired by one of its larger competitors in the not-too-distant future.
- Company trades at a discount to larger peers likely due to lack of scale, limited optionality and expectations for negative free cash flow this year.
- Recent geopolitical events have further improved the long-term industry outlook. Get long Diamond Offshore Drilling given discounted valuation and the very high probability of a medium-term buyout.
For further details see:
Diamond Offshore Drilling: Strong Buy On Discounted Valuation And Medium-Term Buyout Potential