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
Three economic updates today provide more evidence that moderate growth endures for the US. The numbers du read on...
Sometimes the market hands you a gift. And it would be foolish not to take it. Thanks to general market read on...
As noted on the blog last Thursday, even though the market had been down for three straight weeks, last read on...
There’s a phenomenon called the Butterfly Effect. One common quotation is “It has been said that something read on...