RDC - Rowan: Expectations For 2019
Rowan (RDC) shares were hit very hard in the recent sell-off in the offshore drilling industry. The stock, which briefly went above $20.00 following the news of merger with Ensco (ESV), dipped to $8.00 in less than three months. In this article, which continues the discussion on offshore drillers' perspectives in 2019 (read general expectations, Transocean (RIG), Diamond Offshore (DO), Noble Corp. (NE)), we'll look at the company's current position and my expectations for 2019, but first we will start with the most recent