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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (51318)	4/16/2013 11:08:45 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78715

ESV is a well managed rig company and the way I look at (Enterprise value multiples to adjust for leverage), it is cheaper than DO or RIG, while being better managed and probably they have the better rigs too. I do understand that they standardize their rig design more than other companies, which helps to keep operating costs down.