Diamond Offshore: Buy Last Domino In The Energy Supercycle (NYSE:DO)
Diamond Offshore Drilling is a pre-eminent player in the energy offshore drilling sub-sector. See why I think DO is an attractive macro play in the sector.
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Diamond Offshore Drilling is a pre-eminent player in the energy offshore drilling sub-sector. See why I think DO is an attractive macro play in the sector.
Paul of kentucky also getting reminded of his support for bp at his first debate last night with democratic challenger jack conway. perhaps most telling was an interview with a republican no longer in power, johnny burton. for five years head of president bush's mms. the agency that oversaw drilling. burton the former owner of an oil company telling the wyoming star tribune, quote, when i was there it worked well. her successor also part of dick cheney's wyoming republican circle and once cheney's intern refused to comment. he is now president of the trade group representing offshore drillers....
Still have the big problem that all the auditing, you were talking about the royalties. the meth on the toaster oven, those guys are still hanging out together. so you've got the auditors that are supposed to make sure the taxpayers are getting those royalties, still hanging out in the same office with the people promoting the drilling and issuing those permits. so that part of mms still has got to be moved out. so you have all the oversight functions out of mms. >> in terms of the overall problem at this agency, one of the ways that it has been diagnosed, the shorthand for this in the past ha...