Showing posts with label Diamond Offshore. Show all posts
Showing posts with label Diamond Offshore. Show all posts

Thursday, July 15, 2010

Is the wipeout in offshore drillers over?

Time to buy offshore drillers?
DO Diamond Offshore bounced off its early June bottom of $60 and is at $64.43 today... after a pullback of nearly $1.50 intraday.

It is 7.4% above its 3-month low and yesterday it was as near as dammit is to swearing, to being up 10%!!
Its in the buy range for me.