Actionable news
0
All posts from Actionable news
Actionable news in DO: DIAMOND OFFSHORE DRILLING,

Diamond Offshore Drilling (DO) Stock Drops on Terminated Petrobras Contract

NEW YORK (TheStreet) -- Shares of Diamond Offshore Drilling (DO) were tumbling 9.42% to $16.73 on heavy trading volume mid-Thursday afternoon after the Houston-based offshore contract driller announced that Brazil's Petrobras (PBR) ended its contract with an unnamed subsidiary early, according to an SEC filing.

The drilling contract for the company's Ocean Valor rig was extended in 2014 and scheduled to conclude in October 2018. Petrobras sent notice of termination to the...


More