SOURCE: Signal Watch

Signal Watch

August 19, 2011 07:30 ET

Analytical Reports on Diamond Offshore Drilling Inc. and SandRidge Energy Inc. - Oil and Gas Drillers Face Short-Term Obstacles

NEW YORK, NY--(Marketwire - Aug 19, 2011) - provides members with proprietary analysis of over 10,000 stocks which is updated every day. Today, members can receive their complimentary stock analysis on Diamond Offshore Drilling Inc. (NYSE: DO) and SandRidge Energy Inc. (NYSE: SD). Sign up now on to get your free reports on these stocks.

Many offshore oil and gas drilling companies turned in positive 2nd quarters but several factors could make the remainder of the year difficult. Oil and gas price volatility is probably the most significant. Further unrest in the Middle-East and sovereign debt issues in Europe could also upset the industry. brings investors free classic analysis on Diamond Offshore Drilling Inc., SandRidge Energy Inc. and other companies within the Oil & Gas Drilling & Exploration industry. This type of analysis is only a fragment of the information members have available to them. To learn more we encourage investors to sign up at

Diamond Offshore Drilling Inc. was among companies that turned in strong 2nd quarter results. Diamond reported revenues of $889.5 million, up 8% from the year-ago quarter. SandRidge Energy Inc. also reported positive figures. Oil production doubled for the company helping to drive net income higher. Total revenues soared to $364.8 million, double the $182.4 it posted in the prior year's quarter. gives traders a unique insight about Diamond Offshore Drilling Inc. and SandRidge Energy Inc. by registering now at or

Moving forward, news of better retail sales in July did send crude prices up Friday to the benefit of the drilling industry. However, oil and gas drillers seem to be a safer long-term play at the moment given their current operating environment.

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