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Stock impact report

Diamond Offshore Sells Semi-Sub Ocean Guardian [Seeking Alpha]

Diamond Offshore Drilling, Inc. (DO) 
Last diamond offshore drilling, inc. earnings: 2/10 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.diamondoffshore.com
Company Research Source: Seeking Alpha
Diamond Offshore Sells Semi-Sub Ocean Guardian Summary Diamond Offshore sells Ocean Guardian to Well-Safe Solutions. The buyer is ready to invest about $100 million to reactivate and update the rig. While the monetary details of the transaction have not been disclosed yet, I expect that the rig was sold at a premium to its scrap price. Offshore Energy Today reported DO fleet status report The $100 million price tag is becoming a de-facto standard for unstacking and upgrading a semi-sub. Diamond Offshore itself had two reactivations with a similar price tag, Ocean Endeavor Ocean Onyx RIG mentioned It looks like Diamond Offshore decided that it had enough expenses for 2019 due to Ocean Onyx reactivation, completion of Ocean Endeavor reactivation, five-year surveys for drillships and certain upgrades that pushed anticipated 2019 capital spending to $340 million-360 million. Given Diamond Offshore’s renowned conservatism, the company has probably never seriously evaluated the possibility Show less Read more
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