Ensco International Inc. (ESV) Message Board

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Gold/Mining/Energy : Ensco International Inc. (ESV)

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To: steve harris who wrote (1957)	4/11/2019 10:04:51 PM
From: robert b furman	Read Replies (1) of 2005

Yea, No such luck. ESV had a stockholder vote several months ago on a reverse split 1 share = .25. So I wake up this morning and everything is up but my account shows a big loser - guess they needed a closing price to catch up with the reduction in shares. Took a second cup of coffee to figure it out - I guess.?? I suppose if you like to buy stock on margin the reverse price is certainly more attractive. I bought this stock as a lottery ticket and used puts to get them - albeit under water at this time. I did half ESV and half RIG. The rig made me money and the total loss is cut in half looking at it that way. Either way I spent my money and decided to put it in a drawer and fuggetabout it. Still thinking that will be my future position. Oil will be needed for decades and just as fracing has reduced costs - so too has deep water drilling. I think the're cheap and will do much better with in the next year - or two at most. Heck maybe the dividend will be higher than 4 cents per quarter! Bob

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