RDC News and Press, Rowan Companies plc Class A From 04/09/19

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...

It has become something of a tradition for me to publish regular monthly updates on the utilization and dayrate trends in the offshore drilling industry. These are two very important determinants of profitability for the companies in the industry as these are the measures that tell us how much...

There was an interesting discussion in the comments section of my recent articles on offshore drilling: Sete Brazil is trying to sell four rigs, and everyone is trying to guess who will be the winning bidder and how the transaction will influence the situation in Brazil - the ultra-important m...

NEW YORK , April 4, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, April 11 : S&P SmallCap 600 constituent Semtech Corp. (NASD: SMTC) will re...

Boot Barn Holdings (NYSE: BOOT ) is up 4.5% after hours on word that it's moving into the S&P SmallCap 600 index . More news on: Boot Barn Holdings, Inc., PS Business Parks, Inc., Rowan Companies plc, Consumer stocks news, Stocks on the move, Tech stocks news, Financial stocks news ...

Maersk Drilling, which is set to start trading on Nasdaq Copenhagen after demerger from A.P. Moller-Maersk ( AMKAF ), surprised the market with a new contract announcement - the company’s semi-sub Maersk Deliverer got a three-year contract from Inpex in Australia with an estimated c...

Merger activity increased last week with four new deals announced and five pending deals closing. Deal Statistics New Deals The acquisition of TIER REIT (TIER) by Cousins Properties Incorporated (CUZ) for $2.38 billion in an all stock deal. Under the terms of the agreement, Cous...

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 ...

Deepwater oil and gas explorers including Royal Dutch Shell ( RDS.A , RDS.B ) and Talos Energy (NYSE: TALO ), along with contractors such as Ensco (NYSE: ESV ) and TechnipFMC (NYSE: FTI ), told the Scotia Howard Weil Energy Conference this week they see a revival coming , a message in star...

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...