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Diamond offshore

Diamond offshore

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port Offline
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#1
Photo  29-02-2020, 02:28 PM (This post was last modified: 16-03-2020, 05:31 PM by port.)
    cash flow statement: Proceeds from sale and maturities of marketable securities of 2300m ; Purchase of marketable securities of 1996m but it is not reflected on balance sheet? 


Appreciate if someone can clarify. Thanks in advance.

ARFY2019

Debt: 2000m
mkt cap @3.05= 356m


   
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port Offline
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#2
16-03-2020, 05:39 PM
spike on 13mar20 was due to short covering
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton

Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis

The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
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CY09 Offline
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#3
27-04-2020, 10:48 PM
https://www.michigansthumb.com/news/arti...227915.php

Diamond offshore has filed for bankruptcy protection, making it one of the largest US rig company to go down. Similar to US, the
oil demand derived" companies are facing difficulties with the leasing rates for their equipment falling off the cliff. Wonder how far will the USA govt go in protecting its entire oil ecosystem; will it just bail the oil extractors or move towards protecting the surrounding companies such as rig builders and companies which lease oil PPE
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