Purpose
The purpose of this analysis is to understand the likely range of Ensco Rowan (ESV)’s current and future share price using our investing framework. Our investing framework is based on two key factors; magnitude and likelihood.
The magnitude component produces a range of ESV’s share price under various potential market conditions. Likelihood, is the probability of these market conditions materialising.
Our analysis will discuss both these factors and recommend a probable range of ESV’s share price.
Introduction
The offshore drilling industry has consolidated in the last 2 years are is left with