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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:57 EDTDO, STODiamond Offshore announces contract termination on Ocean Vanguard
Diamond Offshore Drilling (DO) announced that a subsidiary has received notice of termination of its drilling contract for the mid-water semisubmersible Ocean Vanguard from Statoil ASA (STO), its customer for the rig. The contract provides for a dayrate of approximately $454,000 and was estimated to conclude in accordance with its terms in late February 2015. Diamond Offshore disputes Statoil's basis for terminating the contract and intends to defend its rights under the drilling contract.
News For DO;STO From The Last 14 Days
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July 25, 2014
05:31 EDTSTOStatoil CEO says cost reduction programs 'are on track'
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05:28 EDTSTOStatoil reports Q2 EPS NOK 3.75 vs. NOK 1.38 last year
Reports Q2 operating income down NOK 3.2B to NOK 32B. Reports adjusted earnings NOK 32B. Helge Lund, Statoil's president and CEO stated, "Statoil delivered solid operational performance in the quarter, with continued high production regularity on the Norwegian continental shelf and project execution according to plan. We have deferred gas production to enhance value, but remain on track for delivering on our production guiding for 2014. Our quarterly earnings were impacted by divestments, seasonal effects and lower gas prices. For the first half of the year, earnings were around the same level as in the same period last year."
July 24, 2014
06:23 EDTDODiamond Offshore declares special cash dividend of 75c per share
Diamond Offshore Drilling announced that the company has declared a special quarterly cash dividend of 75c per share of common stock and a regular quarterly cash dividend of 12.5c per share of common stock. Both dividends are payable on September 2, to shareholders of record on August 6.
06:22 EDTDODiamond Offshore reports Q2 EPS 65c, consensus 56c
Reports Q2 revenue $692.24M, consensus $684.42M.
July 15, 2014
10:00 EDTDOOn The Fly: Analyst Upgrade Summary
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06:41 EDTDODiamond Offshore upgraded to Market Perform from Underperform at BMO Capital
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July 14, 2014
11:45 EDTSTOStatoil downgraded to Equal Weight from Overweight at Morgan Stanley
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