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ESV - Ensco-Rowan deal makes sense but higher oil prices won't soon help rig rates
Ensco plc Class A
Ensco’s (NYSE:ESV) acquisition of Rowan (NYSE:RDC) is “just in time,” as utilization rates and dayrates are starting to rise, says Evercore ISI analyst James West, who also continues to believe "offshore drillers are where the doubles, triples and more can be found."
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