Diamond Offshore Drilling, Inc. (DO) Report – Uptrend Signaled, Target = $30.75
The following report outlines an end to the primary downtrend that was signaled in October 2017. Moreover, it highlights a positive development that occurred yesterday, as a two year long bottoming pattern was triggered. It includes an actionable buy opportunity, and money management guidelines including price target, support and protective stops.
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.
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