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
The trend in recent years of securitizing more of the world’s market betas offers investors, in theory, read on...
The CBOE Vix Index is in positive territory on Friday morning as shares in the S&P 500 Index move slightly read on...
Are market bears flipping read on...
Lately tech has been coming out of the doldrums. That's good news for tech investors and the market as a read on...