Ocean BlackHawk
Just like the rest of the industry, Diamond Offshore (DO) has had a rough year and its shares have been under pressure since May. The company’s management has applied a conservative approach during the offshore drilling market downturn, and so far, they have been right in their predictions. Diamond Offshore’s strategy helped it protect its finances while investing in upgrades for moored stacked rigs, but it did not help the stock much, as the market recovery lagged expectations, and investors got worried about the future of the whole industry.