What a coincidence. I started a position in DO after their miss yesteday in the 60.0x's. Crummy quarter but a lot of their problems like OGX default already known. DO shaping up to have a very good 2014; bunch of good new contracts and newbuilds coming online and fewer surveys. Also a 6% dividend going ex-div next week or so(87.5cents) and good chance they'll raise that next year.
Not sure I'd compare DO to OVTI though. The offshore drillers are a much more stable lot and all of them have received downgrades these last couple months. This too, is buy territory for OVTI I think and I added a lot of shares today but holding back for lower 13's/12's as well. OVTI is an extremely competent player in an industry with very strong growth for years to come and their BV is too cheap. If the price gets much lower I wouldn't put it past OVTI to do a big buyback like they did a couple years ago on the cheap. Knocked out 15% of the float in one fell swoop with that one.