Tuesday, June 8, 2010

Goldman (NYSE:GS) Cuts Diamond Offshore Drilling (NYSE:DO), Possible Oil Leak as Well

Diamond Offshore Drilling (NYSE:DO) shares are under heavy pressure today as they were not only downgraded by Goldman Sachs (NYSE:GS), but also may have an oil leak off of their Ocean Saratoga rig, based in the Gulf of Mexico.

Les Van Dyke, a spokesman for Diamond, referred all questions on the oil rig leaking to Taylor Energy, which is leasing the oil rig from them.

At the time of this writing, the Coast Guard said they were looking into reports of a new oil leak, but there hasn't been confirmation yet.

Diamond was down to $55.57, a decline of $3.64, or 6.15% percent as of 11:45 AM EDT.

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