Katrina - Silver linings for some.

In early February, Diamond Offshore Drilling, Inc. (NYSE:DO) reported profits Q4 2005 $106.9 million, compared with $11.3 million, for the same period a year earlier. Revenues for the fourth quarter of 2005 were $368.3 million, ($237.3 million Q4 2004).

We noted the shares at $53 in the aftermath of Katrina, they closed on Friday 21/4/06 @ US$95.38 - giving the company a market valuation of US$12.3 Billion.

C & C Technologies of Lafayette were another company highlighted by Lord Patel to benefit from Katrina. One contract awarded to C & C is a portion of a 5 year, US$50 Mn. contract with National Oceanic and Atmospheric Administration (NOAA) Office of Coast Survey that allows C & C to perform ocean bottom surveys in the coastal areas of the United States and its possessions.Two additional contracts awarded through NOAA's Ocean Exploration program supported a recently completed ocean exploration cruise, using the company's "C-Surveyor Autonomous Underwater Vehicle," to map the seafloor in the Gulf of Mexico.

Another contract, granted by the Department of Defense, requires C&C Technologies to develop a semi-submersible unmanned vehicle.

Diamond Offshore Share price last 12 months