|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||N/A - N/A|
|52 Week Range||undefined - undefined|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Ensco’s (ESV) drilling expenses were $344 million in the second quarter—up from $291 million in the second quarter of 2017. The company’s drilling expenses rose mainly due to $47 million in costs associated with 11 Atwood Oceanics (ATW) rigs, the addition of ENSCO DS-10 into the active fleet, and $5 million in integration-related costs. Ensco expects its drilling expenses to decrease in the third quarter to $330 million.
Heavy exposure to a handful of borrowers has endangered the banking sector in regional financial hub Ivory Coast and reducing that risk will be a slow process despite reforms, a senior analyst with rating agency Moody's said on Thursday. Ivory Coast, one of Africa's fastest growing economies, accounts for around 30 percent of total banking assets in the West African Economic and Monetary Union, whose members share a common CFA-franc currency pegged to the euro.
Ensco’s (ESV) drilling expenses were $325 million in the first quarter—up from $278 million in the first quarter of 2017. The drilling costs are lower from $334 million in the previous quarter due to lower scheduled repairs and reactivation costs. Excluding integration-related costs, the total contract drilling expense was better than the guidance of ~$320 million.
Baker Hughes released its weekly oil and gas rig count report on November 10. It estimated that US oil rig counts rose by nine to 738 on November 3–10.
On November 3, 2017, Baker Hughes published the US oil rig count report. It estimated that US oil rigs fell by eight to 729 on October 27–November 3, 2017.
Baker Hughes (BHI) published its weekly US natural gas rig count report on October 13. Rigs fell by two to 185 from October 6 to 13—the lowest level since September 1.
Baker Hughes released its weekly US crude oil rig count report on October 6. The US crude oil rig count fell by two to 748 on September 29–October 6, 2017.
Late last week, London-based Ensco PLC (ESV) completed its acquisition of Houston-based Atwood Oceanics Inc. and announced plans to cut jobs and close Atwood’s Houston headquarters. Ensco shareholders now own about 69 percent of the combined company, and former Atwood shareholders own the remaining 31 percent. “Today is an important day in our company’s history,” Carl Trowell, Ensco’s president and CEO, said in the Oct. 6 press release.
LONDON, UK / ACCESSWIRE / October 10, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Ensco PLC (NYSE: ESV ), following which we have published a free ...
Ensco (ESV) completes the acquisition of Atwood Oceanics. The company expects broadened customer base and greater exposure to deepwater drilling business.
Post-acquisition, Ensco (ESV) will provide a complete array of offshore drilling equipment for the production of oil and gas.
Rating Action: Moody's downgrades Ensco to B2. Global Credit Research- 06 Oct 2017. Approximately $4.7 billion of rated debt affected.
FOR IMMEDIATE RELEASE HOUSTON, October 5, 2017-- Atwood Oceanics, Inc. (NYSE: ATW) today announced that Atwood shareholders have approved the Agreement and Plan of Merger dated May 29, 2017, which provides ...
Ensco believes the combination preserves the company’s financial strength and balance sheet with a pro forma liquidity position of $3.3 billion as of June 30, 2017.
Ensco would acquire Atwood Oceanics’ rigs at ~$222 million per floater, which Ensco believes is a compelling price.
A host of offshore drilling stocks jumped double digits this week thanks to a combination of higher oil prices, a big analyst upgrade, and an acquisition rumor.