NE's BOD just announced that they have recommended doubling their current dividend payout, from $.52 to $1. I haven't heard anything at all, but I'm hoping that ESV will add a substantial increase to it's dividend payout. After all, times are good for the drillers, they should be good for the shareholders as well. And it's been a while since we've seen an increase in the dividends.
doubt it. Did you look at financial statements. Still a ton of debt and Fixed assets, ie building new platforms keeps going up, while cash is going down. They need to keep growing now and thus will not be paying additional funds to shareholders. Although they could if they took some cheap debt out, but already high...just take a look...you will see. This should break $75. Is undervalued. I think the heavy debt load is keeping it depressed a bit. If there is a significant downturn, ESV couldnt pay this debt. I like it though as it has best of class rigs/platforms with rates that have continued to rise.