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ESV - Offshore Drilling: A Look At The Industry At The End Of Q1
Ensco plc Class A
The first quarter was full of developments for the offshore drilling industry. Oil prices (both WTI (USO) and Brent (BNO)) staged a major rebound after the awful performance in the fourth quarter of 2018. Ensco (ESV) finalized the merger with Rowan (RDC). Noble Corp. (NE) bought a second jack-up. Diamond Offshore (DO) decided to reactivate another semi-sub. Borr Drilling (BDRLF) started to put its armada of rigs to work. However, with all those things going on, offshore drilling stocks have only had a bump at