Diamond's 4Q Results Lower on Lackluster Offshore Market Conditions; FVE Unchanged
No-moat Diamond’s quarterly results reflected ongoing weakness in offshore markets. Top-line performance declined both annually and sequentially, amid weak pricing and activity. Management expects lower activity to carry over to the next quarter, with a softening of both drilling revenue and expense. We expect this trend to hold firm for much of 2018.ÂThe lone bright spot for Diamond was the harsh environment arena. Management touted the tightness of North Sea markets, even going so far as to ...
Diamond Offshore Drilling provides contract drilling services to the energy industry around the globe. The company's fleet enables it to provide services in the floater market on a worldwide basis. The company's contracts to provide offshore drilling services vary in their terms and provisions. The principal markets for the company's offshore contract drilling services are: the Gulf of Mexico, including the U.S., and Mexico; South America, principally offshore Brazil, and Trinidad and Tobago; Australia and Southeast Asia, including Malaysia, Indonesia, Myanmar and Vietnam; Europe, principally offshore the U.K., and Norway; East and West Africa; and the Mediterranean.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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