OlegMDev

DO - Solid Company, Management, Dividend, Future, Ext...

Long
NYSE:DO   Diamond Offshore Drilling, Inc.
Guaranteed it's easier to pull offline land drilling oil rigs then it is multi - million dollar offshore oil rigs. This resource was endorsed today by the president, mentioning that oil, will still be a valuable part in our economy. The offshore platforms can also be converted & be utilized for offshore wind projects for renewable energy. I lost count of how many teams already are proposing floating wind turbines. Other then for upgrades & repairs, there is no reason there will be rigs floating in the water doing absolutely nothing. Yes efficiencies can be gained in different areas, but the hunt for energy whether it be oil, renewable will still be in demand and always be required. Offshore projects can dominate Land based operations and this company is positioned well for the future with its assets. This is a good entry point to put some cash to work here.
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