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Tag Archives: Ensco

Big drillers’ cash flow

By Total Trader | Published: 16 August 2011

The offshore drilling industry stands out with its great earnings visibility. Rig owners, such as Ensco, Noble and Diamond, have fleets of drilling rigs which they lease to oil companies. These leases are often long term, i.e. up to five years. Put simply, longer contracts for entire fleets mean higher order backlogs and thereby steady revenue streams for the […]

Posted in Forex Trading, General, Market Reports, Total Trader Tips | Also tagged dividend payout, Investors, Noble & Diamond, Risk, saxo bank, Seadrill, trading floor | Comments closed
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