Wednesday, May 18, 2011

Diamond Offshore vs. Concho Resources: A Brief Comparison of Fundamentals

Osman Gulseven submits:

Diamond Offshore Drilling, Inc. (DO) supplies contract drilling to the diverse industries with concentration on energy industry. Diamond Offshore drills operate all around the world. Concho (CXO) Resources Inc. is an independent natural gas and oil company which is involved in acquiring, development and usage of natural gas and oil products. Concho does business in mostly United States. Both of the companies have market capital below $10 billion and they are middle-sized companies in the energy business. As a matter of course, two companies have different ratios, past performance, future expectations. Here is short analysis of these two companies; Diamond Offshore and Concho Resources (data from Finviz and Morningstar):

Diamond Offshore Drilling's roots goes back to New Orleans, 1953. Diamond Offshore is a leader in its industry, deep water drilling. The company transacts business with some of the largest gas and oil operators all around the world, especially in Brazil


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