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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Stonehenge who wrote (6045)12/23/1997 7:32:00 PM
From: pwrmstr  Read Replies (1) of 95453
 
You are almost in an identical position as I am. Check out the ESV thread. Someone there claims to have recently talked to an executive at the company. He confirmed that things were going well, that day rates were going to be up about $2500 in the next quarter, and that they were comfortable with current analyst projections. Ensco has been doing a lot of deals that should create an acceleration of earnings momentum in late 1998 and well into 1999 regardless of what happens to the price of oil near term. They have solid management as well.

I would be interested in the views of others in the industry who have specific knowledge of the long-term prospects of Ensco's jack-up rigs versus other types of drilling platforms like deep water.
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