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Rowan Companies plc Message Board

  • gringo33339 gringo33339 Feb 27, 2014 7:57 PM Flag

    Bought today at $32.25

    I had stepped aside for a week or so; wasn't sure what earnings would look like. I'm comfortable now to set it and forget it for a while. The RDC earnings ramp looks very nice, analyst support seems strong and the industry seems to be bottoming, with all of the earnings news pretty much out. I finished reading the earnings transcript just now and didn't see any red flags. I really liked the affirmation that all jackups are expected to roll at the same or higher rates. That's really the bright spot now, and RDC is positioned quite well. Look for boosts to the dividend once those drill ships start generating cash flow. I wouldn't have minded picking up some NE also today, but will keep an eye for another chance.

 
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