RDC News and Press, Rowan Companies plc Class A

U.S. companies have never had so much debt on their books as they do now. As of the fourth quarter of 2019, non-financial firms owed some $9.6 trillion in outstanding debt, a figure that’s up more than 57 percent from the financial crisis 10 years earlier, according to data provided by ...

LONDON , Nov. 26, 2019 /PRNewswire/ -- Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today announced that, in connection with the Board's ongoing refreshment program, Frederick Arnold has been appointed to the Valaris Board of Directors, effective immediately. Mr. Arnold...

It has been about one year since I last looked at Diamond Offshore ( DO ) and the offshore drilling space in general. I decided to take a peek into the sector to assess how the players have performed over the past 12 months after crude oil prices recovered 10% to 15% during the period. Hel...

Noble Lloyd Noble We have recently discussed July 2019 floater fundamentals, and now we turn to the jack-up segment of the offshore drilling market. The situation in this segment is important for investors and traders in drillers with jack-up presence: Ensco Rowan ( RDC ), Noble Corp. ( NE...

Laguna Star The end of the month is approaching fast, so it's time for the regular look at the floater segment of the offshore drilling market. June was a dull month for the floater segment, July turned out to be more interesting. August will be even more interesting since all drillers wil...

Norwegian labor unions and oil rig owners reach an agreement on wages , averting strike that would have halted some of the country's crude oil production and paralyzed exploration activity for new resources. More news on: Equinor ASA, Eni S.p.A., BP p.l.c., Energy stocks news, Read mo...

At times of real panic in offshore drilling stocks, it is very important to keep an eye on actual fundamentals and whether they are different from market sentiment. In a recent article, we have discussed current drillship fundamentals . Now, we turn our attention to the semi-sub segment, whic...

Happy tax day and welcome to the latest edition of Merger Arbitrage Mondays. Merger activity increased last week with four new deals announced and two pending deals closing. We made a mistake last week when we indicated that the acquisition of Versum Materials (VSM) by Entegris (ENTG) closed...

A new company is born: Ensco ( ESV ) and Rowan ( RDC ) have completed the previously announced merger and have formed a new company, EnscoRowan, which will trade under the ticker ESV. Rowan shareholders have received 2.750 Ensco shares for each Rowan share they owned. The shares of the combi...

Brent oil ( BNO ) quickly spurted to $71 per barrel as tensions in Libya intensified and the U.S. labeled Iran’s Revolutionary Guards as a terrorist group. The whole setup was favorable for everything oil-related to rally, but offshore drilling stocks had a disappointing day. At the...