Equity Field Notes from temporal sources

[DanWebzster]

ESV is worth watching for a long term investment

World oil demand is rising. India hydrocarbon use is growing like a cancer. If one defines subhumans as people who reproduce irresponsibly, Indians are a country of subhumans who continue to grow demand for hydrocarbons (and propagandize their subhuman H1-B applicants) As an aside, you should track the incidents of executives from the SUB-continent who are involved in accounting irregularities. They are significantly over-represented. How do you know when one is lying? You know the punchline.

Prem Watsa & Einhorn initiated positions in Q4, 2017.

In 2017, Industry customers rated ESV first among its peers in total satisfaction.

Ensco top 3 customers are TOT, BP & PBR.

Cash = 1.2Bn, while $308mn debt matures thru 2023.

Did they pay too much for ATW? Possibly. Doing so was a bet that offshore oil would recover by 2020. They may be early by a couple years or so.

Wall Street over-capitalizes hot areas to the point where ROI risk reward is impaired for years - decades.

* One commentor suggests buying when COT data is bullish and shale production slows.