No. 38 Diamond Offshore Drilling

Oil & Gas Services
DO
Value of investment: $23,454.88*

5-year return: 134.5%
2009 revenues: $3.6 billion
2009 net income: $1.4 billion

The Houston-based contractor’s rig bookings may fall this year due to the federal moratorium on drilling in the Gulf, but CEO Lawrence Dickerson forecasts strong demand for its services in 2011. In recent years Diamond has spent much of its cash on special shareholder dividends rather than fleet modernization, which could hurt competitiveness.

*For all slides as of 3/31/10

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