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Ensco plc Message Board

  • bbandassoc bbandassoc Jun 9, 2011 9:49 PM Flag

    Government Litigation

    Any thoughts on the latest agreement with the government announced this evening? My take is that the parties are moving towards a resolution favorable to ESV, but it will take another month to get there. If the parties weren't moving in a positive direction, ESV would simply go back to the court IMO. It would seem to me that the government wants their pound of flesh, but that ESV is going to get what they want and it will be a catalyst for the stock.

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