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OilStockReport

04/04/11 1:49 PM

#20 RE: ScovilleUnits #19

Thoughts on RDC's possible takeover?

Rowan Companies Inc. (RDC): Oil & Gas Drilling & Exploration Industry. Market cap of $5.40B. John Dorfman, chairman of Thunderstorm Capital, identified the company as a potential takeover/LBO target. Shorted shares decreased from 7.61M to 5.68M over the last three months (-25.36% change). The stock has had a couple of great days, gaining 7.36% over the last week.