Diamond Offshore Drilling says it is wellpositioned to weather the current slump in demand for offshore rigs and the resulting pressure on dayrates and hints that it might even take advantage of the situation to acquire distressed assets. Chief Executive Marc Edwards said on Thursday that the company has the strongest credit rating and balance sheet among its peers and is currently evaluating its options. "A downturn provides opportunity, especially for a company like Diamond," he said during the company's first-quarter earnings call. Edwards took over as chief executive last month following the retirement of Larry Dickerson.
展开▼
