Diamond Offshore CEO Says 'Our Day Rates Could Double'

The video discusses the current state of day rates, which have significantly decreased from their peak. The speaker emphasizes the need for these rates to at least double to provide adequate returns to shareholders. The discussion includes the potential for market recovery, with a focus on future contracts for 2020 and beyond, where pricing power is expected to increase. The speaker highlights the importance of achieving significant rate increases to ensure long-term profitability and shareholder satisfaction.

What percentage of their previous peak have day rates collapsed to?

• 25%

• 50%

• 10%

• 75%

What is the minimum target for day rates to provide adequate returns?

• Remain the same

• Double the current rate

• Decrease by 10%

• Triple the current rate

When does the speaker anticipate seeing significant market recovery?

• 2022

• 2021

• 2020 and beyond

• 2019

What is the nature of the market that allows for more pricing flexibility?

• Transactional

• Predictable

• Volatile

• Stable

What is the expected change in pricing for 2020 contracts?

• A decrease

• No change

• A significant increase

• A slight increase