Diamond Offshore Drilling $DO filed for Chap 11 #bankruptcy
🛢 offshore #oil is among the most expensive to produce, putting company at disadvantage
🛢 $5.8b of assets, $2.6b debt, ~$434.9m cash on hand

#oil #oott #energy #investment #investing #stocks #bonds #investors #economy https://t.co/aQ5vJfkhtU