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BRIEF-Diamond Offshore Drilling sees recovery in either 2019 or 2020 - Conf call
February 6, 2017 / 5:27 PM / in 8 months

BRIEF-Diamond Offshore Drilling sees recovery in either 2019 or 2020 - Conf call

Feb 6 (Reuters) - Diamond Offshore Drilling -Inc

* Diamond Offshore Drilling - not anticipating material changes to base cost trend in the coming quarters - conf call

* Diamond Offshore Drilling -says expects “a recovery either in 2019 or 2020” - conf call

* Diamond Offshore Drilling says pricing pressure will continue to “remain out there for a period of time” - conf call

* Diamond Offshore Drilling - says will continue to see fixtures awarded at what is “essentially close to break even” - conf call

* Diamond Offshore Drilling - “can’t say at this moment of time that we are seeing an relief in pressure from a pricing perspective” - conf call

* Diamond Offshore Drilling - “despite some stabilization in the price of oil, we have yet to see a floor in the declining demand of deepwater assets” Source text for Eikon: Further company coverage:

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