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

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To: Xplorer who wrote (937)3/23/1998 1:15:00 AM
From: Czechsinthemail  Read Replies (1) of 2005
 
ESV may be one of the stars. The stock has underperformed recently, but the rising oil price situation turns everything around. ESV's relatively shorter contract periods and its strong jackup position should translate into higher earnings growth should dayrates continue to increase. In a full utilization market, ESV will be able to pass through the higher dayrates faster than many of the deepwater intensive companies.
Baird
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