RDC News and Press, Rowan Companies plc Class A From 03/27/19

HOUSTON , March 27, 2019 /PRNewswire/ -- Rowan Companies plc (NYSE: RDC) ("Rowan" or the "Company") today announced that it has received clearance from the General Authority for Competition in the Kingdom of Saudi Arabia for its pending combination with Ensco plc (NYSE: ESV) ("Ensc...

Fellow contributor Tudor Invest Holdings has recently alerted me to a Rystad Energy report calling for full recovery of offshore drillers in 2027. We are still in the first quarter of 2019, and, if such predictions are true, there’s an awful lot of time until this happy time. What d...

Offshore oil drilling stocks enjoy a Barron's bounce after the publication profiled the sector over the weekend and cited signs of a turnaround , including a 28% Y/Y increase in the worldwide offshore rig count through February. More news on: Transocean Ltd., Ensco plc, Rowan Companies ...

For March 1, our forensic accounting needle in a haystack comes from a drilling company with hidden non-operating income. Analyst Peter Apockotos found an unusual item in Rowan Company's ( RDC ) 2018 10-K. On page 31 , RDC discloses that it received a $28 million (3% of revenue) early ter...

On Wednesday, February 27, 2019, offshore drilling contractor Rowan Companies ( RDC ) announced its fourth quarter 2018 earnings results. At first glance, these results appeared to be mixed as the company beat the expectations of its analysts on top-line revenues but failed the meet the bott...

Ensco PLC - Semi-submersible Ensco 5005 Investment Thesis Ensco PLC ( ESV ) has been one of my long-term investments in the offshore drilling sector with Transocean ( RIG ). These two offshore drillers are the most representative of this struggling industry. The difference between Transo...

Yesterday, we have discussed Rowan’s ( RDC ) fourth quarter report , and now it’s time to discuss the other company in the upcoming merger, Ensco ( ESV ). Ensco reported revenues of $399 million and net loss of $203 million. The company’s loss originated from high d...

Rowan ( RDC ) has just provided its Q4 earnings report . The company is about to merge with Ensco ( ESV ), so it’s possible that it’s the last chance we are looking at Rowan as a standalone entity. Without further ado, let’s look at what Ensco is getting in this merger. ...

Rowan Companies PLC (RDC) Q4 2018 Earnings Conference Call February 27, 2019 11:00 AM ET Company Participants Brian Jackson – Manager of Investor Relations Tom Burke – President and Chief Executive Officer Stephen Butz – Executive Vice President and Chief Fin...

For quite some time now, it has been a practice of mine to provide regular updates on the utilization and leading new contract dayrate trends in the offshore drilling industry. This provides investors with an overview of the most relevant factors affecting the industry as these two factors hav...