3 Key Takeaways From Ensco's Earnings
Oct 31st 2013 3:00PM
Updated Nov 6th 2013 3:08PM
For investors in Ensco the next couple of years are stacking up to be a very good time for this rig company. Demand is up and will likely continue to climb for many years to come, and the company is very well positioned to take advantage of the emerging trends in the industry. For investors in Ensco, there are three key drivers you should watch going forward.
One of those big drivers is how much can the company build out in Brazil. Petrobras expects to spend $200 billion in the offshore market alone over the next couple of years, and Total and Royal Dutch Shell -- its two largest partners in the Libra field -- will also be spending a considerable amount of money there to get this massive oil find up and running. Experts estimate that this region will require over 15 rigs to get it off the ground, and Ensco could well be suited to capture a good chunk of that market. To find out the two other major keys for Ensco, tune into the video below.
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The article 3 Key Takeaways From Ensco's Earnings originally appeared on Fool.com.Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter @TylerCroweFool. The Motley Fool recommends Petroleo Brasileiro S.A. (ADR) and Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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