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  • Links for 05-24-2013

    A Bullish Case For Ensco

    Wed, 05/30/2012 - 04:57 EDT - Seeking Alpha
    • ESV
    • Power Hedge
    • RDC
    • RIG
    • SDRL

    By Power Hedge:
    A few weeks ago, I analyzed SeaDrill's (SDRL) presentation at the Howard Weil 40th Energy Conference in an article published on Seeking Alpha. One of SeaDrill's peers, Ensco plc (ESV), also gave a presentation at the same conference. SeaDrill devoted a large portion of its presentation to a discussion of the strong fundamentals of the offshore drilling industry. Ensco took a different approach and devoted its presentation solely to a discussion of itself and its own prospects. There is still a lot of good information here and I recommend reviewing both presentations when conducting your own due diligence.Ensco has the second largest offshore drilling fleet in the world, second only to Transocean (RIG). The company has the largest active jack-up fleets and one of the newest deepwater and ultra-deepwater fleets in the industry. Ensco included this chart in its presentation to show the relative fleet sizes for the majorComplete Story »

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    Related

    • SeaDrill: Well-Positioned To Take Advantage Of Rising Offshore Dayrates

      By Power Hedge: SeaDrill (SDRL) gave a presentation at the Howard Weil 40th Energy Conference on March 28, 2012. It was one of several companies that gave presentations at this event and the presentations all provided reasons to be optimistic about the future of the offshore drilling industry.

    • Strengthening Market, Fleet Expansion Position Seadrill For Growth

      By Power Hedge: Recently, Seadrill Ltd. (SDRL) gave a presentation at the SEB Enskilda Nordic Seminar in Copenhagen. Its presentation focused on the economics and outlook for the offshore drilling market and provided insight into Seadrill's place in the overall market. I recommend reviewing the presentation.

    • Seadrill's Growth Story Continues Due To Newbuilds, Industry Strength

      By Power Hedge: Seadrill Ltd. (SDRL) gave a presentation at the Credit Suisse Energy Summit on February 5, 2013. In this presentation, Seadrill discussed the prevailing trends in the offshore drilling industry, particularly its current strength, and the company's position in this growing industry.

    • Ultra-Deepwater Investors Should Prefer Younger Fleets

      By Power Hedge: Ultra-deepwater drilling specialist Pacific Drilling (PACD) provided an overview of the current very positive trends in the offshore drilling marketplace in a recent presentation.

    • Seadrill Continues To Deliver On Growth Promise

      By Power Hedge: On March 20, 2013, Seadrill (SDRL) gave a presentation at the Howard Weil 41st Annual Energy Conference. In this presentation, the company did an excellent job of discussing its strong growth potential as well as its future plans for rewarding investors.

    • Deepwater Driller Ensco Has Momentum And Substantial Upside

      By Bret Jensen:I have been bullish on Ensco (ESV), the owner of the second large offshore drilling fleet in the world, for quite some time. The stock seems to be gaining momentum, and it still has significant upside even after rising about 30% since my original recommendation in late September. Key Recent Events

    • Ensco's First Quarter Results Show Company's Growth Potential And Industry Strength

      By Power Hedge: Offshore drilling contractor Ensco plc (ESV) announced its first quarter earnings results on Monday, April 29. Overall, these results continued to show the overall great future potential that we have come to expect from this company.

    • Seadrill: Pacific Drilling May Be Hard To Swallow With Money From Tender Rig Deal

      By Power Hedge: Last week, I published an article to this site that suggested that it could be beneficial for Seadrill (SDRL) if the company used some of the money that it will be receiving from SapuraKencana to acquire Sevan Drilling (

    • SeaDrill: Newbuilds And Contractual Dayrate Increases Position Company Well For Growth

      By Power Hedge: SeaDrill Ltd. (SDRL) gave a presentation at the Pareto Oil and Offshore Conference on September 12, 2012. The company's presentation provided a look into the company's past, present, and future. This was quite interesting as an investor.

    • Growth Story For Deepwater Drillers Not Tarnished By Pullback In Oil Prices

      The first-quarter results and management teams' commentaries during conference calls with analysts reaffirmed my bullish take on the deepwater drilling market. Alf Thorkildsen, CEO of Seadrill (SDRL), summarized the growth drivers for deepwater drillers during a May 14 conference call:

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    In Brief: BDO; Leeds and Partners; Haines Watts

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