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Ensco plc Message Board

  • rexobxip rexobxip Mar 13, 2014 11:49 AM Flag

    Approaching 52 week low

    While there are certainly positives about this company, the costs, risks, and competition in this arena, make me uncomfortable going long. Not to mention the environmental implications. Seems there is cheaper, lower risk energy to be had other than deep water drilling.

    I also can't help but feel a little skeptical of all the positive articles pushing these cos. lately. I always suspect that the institutions are trying to prop them up, so they can get out and leave retail investors holding these stocks when they go down. Look at coal stocks selling at 10 cents on the dollar. Maybe these companies are the next wave to be phased out, or forced out by cheaper competition.

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