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Ensco plc Message Board

  • homerunguy2000 homerunguy2000 Oct 2, 2013 4:23 PM Flag

    Is it possible to buy ESV at $40 like Forbes' headline states?

    How can ESV trade down to $40 with the Homerun hitter accumulating near $54?

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    • Look like I made good contact with the ball.........................Homerun?

      I don't know, but it sure is cheap if you compare ESV earnings to the likes of DO!

    • The point of the article was that there is virtually no chance of ESV trading down to 40 and that the premium from the sale of the put is free return with no risk.

      I agree that ESV will return to the 60's fairly quickly. The key here is new rig signing contracts as the market is currently expecting a drop in rig rates is probable.

      Note that ESV is in a favorable position as over the next year capital investment will be coming down while the new rigs will add to revenue. Just a matter the new rigs being locked up with attractive contracts.

      As an additional bonus I expect we will see a modest divi increase in the near future.

      Best to all: Curb

    • duedilgencethenaction duedilgencethenaction Oct 16, 2013 10:21 PM Flag

      ROTF LOL That is the typical pre-takeover article. Just look at the balance sheet numbers, barely above book value and superior long term growth (compare on LONG term chart to the likes of XOM).

      Sentiment: Strong Buy

    • I agree. I think we're a screaming buy right now. The dividend and buyback should support the share price at these levels. Will we be back to $60 within a year? Easily. That plus the dividend is a ~13% return. And I personally think we'll be closer to $65 a year from now.

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