Stock Pick by Andrew Winterstein

DO: What is going on?

Start trading DO with real money!

Rate Analysis

6 ratings

Posted 656 days ago on 5/29/08

Market call:DO will go DOWN
Target: $125.00 on 6/29/08
Current: $88.32 (-35.20% from time of market call)

I have lost a total of 11 grand on these guys over the past two days and I just don't get it! The price of oil has skyrocketed and yet this company continues to perform poorly.

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Steve Indiveri

Posted 6/3/2008, 11:37 am

Rigging companies aren't always directly correlated with gas prices. Their whole industry isn't performing as well as hoped, look at RIG, DO's top competitor.

Austin Murphy

Posted 6/2/2008, 11:39 am

Diamond Offshore has the highest P/E of the major oil drillers. People are starting to recognize this and are changing positions into cheaper drilling companies.

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