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Diamond Offshore Drilling Inc. fell in New York trading after Businessinsider.com said the company’s Ocean Saratoga rig is leaking oil into the Gulf of Mexico.
Diamond, based in Houston, dropped 6 percent to $55.64 at 9:58 a.m. in New York Stock Exchange composite trading. Geneva- based Transocean Ltd., whose Deepwater Horizon rig caught fire April 20 and triggered the biggest U.S. oil spill on record, tumbled 7.3 percent.
Goldman Sachs cut its investment ratings on offshore drillers Transocean, Atwood Oceanics, Diamond Offshore and Noble Group Ltd.
Originally posted by Alxandro
That was Obama's plan all along, that's why he failed to respond and instead played golf and held concerts at the White House.
But guess what?
It's just about to backfire.
A second rig unrelated to the Deepwater Horizon spill has been leaking oil into the Gulf of Mexico since late April...
The second leak appears to be much smaller than the Deepwater spill. But it may have been going on for much longer, according to reports.