Diamond Offshore Earnings

Diamond offshore is about a hundred and forty one dollar stock 25.6 billion dollar market cap 320 dividend for 2.3 percent yield. The company earned over 31 percent return on equity last year We have them pro former at about 21 percent and return on total capital 15 percent then I do a conservative valuation of the breakup they're going to do about 330 to 350 gross wells this year Um cost about seven seven and a half million on average And the production from the drill bit will be up about 2 percent.