Diamond Investing News » J.P. Morgan Cuts Offshore Drillers

J.P. Morgan Cuts Offshore Drillers

May 26, 2010 @ 7:00 pm In Diamond Market News

Analysts at J.P. Morgan Chase confirmed that the company has cut its earnings and price targets for many offshore companies such as Diamond Offshore ^[1] , Ensco Plc. , Noble Corp. , Pride International Inc. , and Transocean Ltd..

Analysts are quoted saying:

"While shares of Transocean are increasingly attractive, we still see downside risk. Instead, we would use market weakness as an opportunity to own Halliburton and Schlumberger."

Click here to access the entire news ^[2]

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URLs in this post:

[1] Diamond Offshore: http://www.diamondoffshore.com/

[2] Click here to access the entire news: http://www.marketwatch.com/story/jp-morgan-trims-outlook-for-offshore-drillers-2010-05-24