ESV News and Press, Ensco plc Class A From 07/03/19

Ensco Rowan ( ESV ) has been frequently in the news recently. The beginning of June was marked by a strange proposal by the company’s shareholder Luminus Management which proposed borrowing $2.5 billion to pay them as a special dividend to shareholders. Closer to the end of June, real...

Ensco (NYSE: ESV ) to change its name to Valaris plc, effective July 31, 2019. More news on: Ensco Rowan plc, Energy stocks news, Read more ...

Ensco Rowan plc (NYSE: ESV) (the “Company”) announced today that it will change its name to Valaris plc, effective July 31, 2019. Following its name change, the Company’s ordinary shares will trade under the new ticker symbol VAL. The name Valaris was selected followi...

For multiple reasons, reverse splits don't typically work out well for shareholders. The news that LendingClub ( LC ) is pursuing a 1-for-5 reverse split followed a 10% gain during the trading day. Investors shouldn't necessarily stray away from the fintech on this news due to the perplex...

Ensco Rowan plc (NYSE: ESV) (“EnscoRowan” or the “Company”) will hold its second quarter 2019 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT and 3:00 p.m. London) on Thursday, 1 August 2019. The earnings release will be issued before the New York Stock E...

Value proposition Since last October, offshore drilling stocks have lost many billions in market value. Some stocks (Noble Corp. (NE), Seadrill (SDRL), Ensco Rowan (ESV)), declined by more than 70%. All of them are now trading at a fraction of their book value. At first glance, we have an at...

Ensco 102 We have recently discussed June 2019 floater fundamentals , and it's time to turn to jack-up rigs. The situation in this market is important for investors and traders in drillers with jack-up presence: Ensco Rowan ( ESV ), Noble Corp. ( NE ), Seadrill ( SDRL ), Borr Drilling ( B...

West Taurus The situation in offshore drilling stocks develops fast, but it's always important to keep a close eye on the fundamentals. I have last discussed the situation in the floater segment a month ago, when I published articles on drillships and semi-subs fundamentals. This time,...

Ensco Rowan ( ESV ) has just announced that it had commenced cash tender offers to purchase up to $600 million of its notes. The company also commenced consent solicitations to amend certain provisions of these notes, including restrictive covenants and certain events of default. The company...

Ensco Rowan plc (NYSE:ESV) (“EnscoRowan” or the “Company”) announced today that it has commenced cash tender offers (collectively, the “Tender Offers,” and each offer to purchase a series of notes individually, a “Tender Offer”) to purch...