InvestorsHub Logo
Followers 5
Posts 452
Boards Moderated 0
Alias Born 07/16/2006

Re: None

Tuesday, 02/08/2011 4:46:55 PM

Tuesday, February 08, 2011 4:46:55 PM

Post# of 29487
Another Oil Driller Leaves U.S.
Pride taken over by Ensco.
The combined company, which will retain the name Ensco plc, will remain domiciled in the UK. Virtually all of the senior executive officers will be located in London. The combined company is anticipated to realize significant benefits similar to those already achieved by Ensco since its redomestication to the UK in 2009. These benefits include greater access to major customers, enhanced oversight of global operations due to improved time zone overlap, increased access to European institutional investors and a more competitive tax position.



Ensco plc American Depositary Shares (ADS) will continue to trade on the New York Stock Exchange under the symbol “ESV”.

"greater access to major customers"
I thought that the major customers were in the USA. Times change quickly. How do you stop the bleeding.
That is Transocean and Noble to Switzerland, Ensco and Pride to London. I guess that leaves Diamond, and Diamond probably have the fleet least suitable for the new GOM regs.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.