Loews says Diamond may have chance to buy rigs at distressed prices Says believes Diamond Offshore's (DO) long-term prospects remain bright. Says paying dividends to shareholders remains Diamond's top priority. Says Boardwalk (BWP) will continue to consider all options for Bluegrass; the company said Boardwalk had been unable to obtain firm customer contract commitments to proceed with the Bluegrass project. Says "pleased" with CNA's (CNA) progress. Comments made by Loews on its Q1 earnings conference call.