ENSCO PLC (NYSE:ESV) Files Investor Presentation

0
983

ENSCO PLC (NYSE:ESV) has submitted an investor presentation with the U.S. SEC, which can be seen on the Investor Relations section of company’s site at www.enscoplc.com. The company’s Board of Directors consistently recommends that shareholders poll “FOR” the deal.

The details

The presentation indicates Ensco’s track record of wise financial management and latest contract wins across the globe. It even reiterates how company’s pending deal with Atwood Oceanics, Inc. (NYSE:ATW) offers Ensco a unique opportunity to renew and enhance its fleet at a major juncture in the market recovery cycle, while offering an apparent path to increase shareholder value.

The combination of Atwood and Ensco will create a financially robust international offshore drilling leader with numerous fleet capabilities, a diverse customer base and an international footprint spanning six continents with businesses in almost every major shallow- and deep-water basin.

Among other factors, the presentation highlights that the Atwood deal is the next logical development in Ensco’s plan to improve the firm’s position as a Tier-1 offshore driller, positioning Ensco to enhance long-term shareholder value.

This is shown by underway wise financial management and capital deployment by company’s leadership and the Board, who have a history of finalizing robust strategic capital decisions to well position Ensco through various phases of the market cycle; the company’s targeted investments in innovation and technology that enhance the firm’s systems, intellectual property and processes, providing Ensco a competitive benefit in the offshore recovery.

It is further demonstrated by company’s continuous drive toward industry-leading operational excellence and safety, which positions it to continue delivering top levels of performance to consumers; the enhancement of company’s fleet with the addition of Atwood’s premium assets at lucrative, below-market values, which enhances company’s ability to fulfill increasing consumer demand for high-specification assets. There are notable shareholder value creation prospects from the acquisition, which is anticipated to result in double-digit accretion for Ensco shareholders.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.