Offshore Drillers: Say It Ain’t Saudi

In its fleet status update, Ensco (ESV) revealed that it was forced to renegotiate contracts with Saudi Aramco. Cowen’s J.B. Lowe and Roland Morris discuss the implications for Ensco–and notes that Rowan (RDC), Noble (NBL) and Seadrill (SDRL) could also be at risk: Bloomberg News In its April Fleet Status Report, Ensco announced that it [...]
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