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ESV - EnscoRowan: Potential First Steps Of The Combined Company
Ensco plc Class A
Ensco DS-3
EnscoRowan (ESV) has recently reported Q1 2019 results and held a conference call. Since the merger with Rowan took place in April, the reported results include only standalone Ensco. I'm sure that those interested in EnscoRowan have already had the time to look at headline results, so I'll be focusing on the potential first steps of the combined company.
EnscoRowan may reactivate one or two modern jack-ups. The market for modern jack-ups is strong from the demand side (less so from the dayrate side, but the situation is slowly