For the experts out there, is there a possibility ESV could be taken over?
Doubt ESV is for sale.
More likely they will take over a smaller driller.
Yes. Now trading slightly under book value, ESV is prime takeover material.
Sentiment: Strong Buy
Ensco is the No 2 driller in the world and the gov is not going to allow No 1 driller to merge with the No 2 driller.
you're joking right? there are lots of drillers, i can name six or seven, lots of competition assuming seadrill merges with or buys out ensco.
highly unlikely, but i'm surprised that a value investor that Buffett (as cliched as it is to throw his name around) hasn't taken an investment in ESV. steady, predictable cash flows are right up his alley.
*such as Buffett