RDC - Ensco - Key Takeaways From The Third Quarter 2018 Results (Part II)
Ensco PLC - Semi-submersible Ensco 5005
Investment thesis
Ensco PLC (ESV) is one of my long-term offshore driller stocks, together with Transocean (RIG). Ensco PLC is a well-diversified offshore driller with a sizeable jack-up fleet representing over 50% of the actual backlog of the company as seen below. It contrasts fundamentally to Transocean which specializes in the floaters' segment exclusively.
A simple look at Ensco's fleet status released on October 29, 2018, shows the underlying strength of the company and its future potential in this struggling industry. It has been reinforced