Diamond Offshore Continues to Manage the Weak Market as Best as Possible

For having been dealt as awful of a hand as offshore rig companies have during this prolonged downturn, Diamond Offshore Drilling (NYSE: DO)has done a commendable job of playing it the best way possible. The company's efforts to manage costs and make its fleet of vessels as attractive as possible to draw any available work has helped keep its bottom line afloat for some time.

This past quarter, Diamond maintained that track.