RDC News and Press, Rowan Companies plc Class A From 10/19/18

Rowan EXL II Rowan ( RDC ) has recently published its fleet status report , which is especially interesting in light of the upcoming merger with Ensco ( ESV ). Without further ado, let's look at the indicated changes in the company's fleet status. Drillship Rowan Resolute will work ...

HOUSTON , Oct. 18, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its report of drilling rig status and contract information has been updated as of October 18 , 2018.  The report titled "Fleet Status Report" can be found on ...

NEW YORK, Oct. 18, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Beacon Roofing Supply, Inc. (NASDAQ:BECN), Rowan Companies PLC (NYSE:R...

Tidewater ( TDW ) and GulfMark ( GLF ) have just filed a definitive proxy statement regarding their upcoming merger. Both stocks have recently seen a sudden spike and have already returned to previous levels. Now, we have a chance to evaluate some real data on the merger, namely the financia...

The merger between Transocean ( RIG ) and Ocean Rig ( ORIG ) is gaining steam. New merger materials are out in public, so investors have the chance to see how Ocean Rig was trying to sell itself and how the company ended in Transocean’s hands. It turns out that Ocean Rig’s ...

Merger activity increased last week with eight new deals announced and four pending deals closing. Deal Statistics: New Deals: The acquisition of Rowan Companies (RDC) by Ensco (ESV) for $3.44 billion in an all stock deal. Under the terms of the transaction agreement, Rowan sh...

In my recent article on the offshore drilling industry titled “How Fragmented Is The Offshore Drilling Industry?” I highlighted the fact that the industry remained highly fragmented despite the recent moves like Transocean's ( RIG ) purchase of Ocean Rig ( ORIG ) or the merg...

HOUSTON , Oct. 11, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) plans to report financial results for the third quarter 2018 on Wednesday, October 31, 2018 ,  before the open of the financial markets in the United States . Following the earni...

The recent news of Ensco ( ESV )-Rowan ( RDC ) merger (I wrote about it here ) provoked discussion on whether the offshore drilling industry is really fragmented or consolidation will bring pricing power. The recent days were characterized by increased volatility, but I managed to find time t...

In an effort to cope in the highly-competitive and financially-struggling offshore drilling industry, some players in this space have resorted to varying strategies. One approach, adopted a couple of times recently by Transocean ( RIG ), is to absorb other competitors in order to boost cash,...