- Street Insider – Diamond Offshore (DO) Falls On Leak Speculation
Shares of Diamond Offshore Drilling Inc. (NYSE: DO) are under significant pressure currently as the stock was downgraded today from Neutral to Sell. In addition, selling appears to have accelerated following a video at Business Insider that shows a ship near the company’s Ocean Saratoga Rig putting disbursements in the water over a possible oil leak.
- Business Insider – CONFIRMED: Aerial Video Shows Second Leaking Rig Near The Deepwater Horizon
Earlier we published speculation from satellite analytics group SkyTruth that there may be a second leak in the Gulf. A freelance pilot and photographer confirmed these rumors and a possible coverup. Photographer J Henry Fair says the new photos show an oil plume originating from the Ocean Saratoga Rig, which is owned by Diamond Offshore. A work ship in the foreground may be churning up water to disperse the leak. A larger rig in the background may be discharging another leak. (See video below for a better sense of what’s going on.) SkyTruth analyst John Amos says this may not even be the same leak he observed in satellite images. How common are these unreported leaks?
This seems to confirm Matt Simmons’ claim last week that there is a second leak in the Gulf.