All results US$ unless otherwise noted:
[Related -Transocean LTD (RIG): Offshore Drillers Could Face Margin Pressure]
In light of the global financial crisis, the emphasis for earnings
isn't so much past results but the outlook going forward . In this
respect, Ensco's outlook was interesting in the dichotomy that
management presented. As one would expect in an unprecedented global
crisis, management struck a very cautious note — reducing their outlook
on the Asia-Pacific region due to new rigs coming on market,
unofficially suspending their share buyback, not aggressively pursuing
industry consolidation and just emphasizing a very conservative
approach going forward. But when pressed on the details, CEO Rabun and
his team presented strong underlying fundamentals which haven't been
overly affected by either the massive drop in energy prices nor the
Shares of oil stocks plunged again as the price of West Texas Intermediate wiped out nearly half of its read on...
The crowd piled into investment-grade bonds last week as economic worries triggered an exodus out of risky read on...
In some ways, this is a boring time in insurance investing. A lot of companies seem cheap on a book and/or read on...
If the US or the Eurozone entered a recession this year, a few macroeconomic variables would look very read on...