Hot Energy Stocks To Own Right Now

Hot Energy Stocks To Own Right Now: ENSCO plc(ESV)

Ensco plc, together with its subsidiaries, provides offshore contract drilling services to the oil and gas industry. The company engages in the drilling of offshore oil and natural gas wells by providing its drilling rigs and crews under contracts with international, government-owned, and independent oil and gas companies. As of February 15, 2010, it owned and operated 42 jackup rigs, 4 ultra-deepwater semisubmersible rigs, and 1 barge rig. The company also has 4 ultra-deepwater semisubmersible rigs under construction. It operates in Asia, the Middle East, Australia, New Zealand, Europe, Africa, and North and South America. The company was formerly known as Ensco International plc and changed its name to Ensco plc in March 2010. Ensco plc was founded in 1975 and is based in London, the United Kingdom.

Advisors' Opinion:

• [By Ben Levisohn]

  Noble (NE), Transocean (RIG), Ensco (ESV), and Diamond Offshore (DO) are asking themselves that question. While Transocean has 8 floaters stacked, they have not stacked a rig in over a year (sort of) – that may soon change. More recently both Diamond Offshore (Q3) and Ensco (Q2) have taken write downs and starting the stacking/scrapping process.

• [By Ben Levisohn]

  Yes, it’s true. With offshore drillers like Noble (NE) Rowan (RDC) and Ensco (ESV) all down more than 20% this year, Societe General now have “neutral” stance on the group. The bank cut its ratings on Noble, Ensco and Rowan, as well.

• [By Ben Levisohn]

  After sinking yesterday, offshore drilling stocks are sliding once again after fleet-status reports from Diamond Offshore (DO) and Ensco (ESV) confirmed that the rig market is still a mess.

source from Top Stocks For 2015:http://www.topstocksblog.com/hot-! energy-stocks-to-own-right-now-2.html