Best Dividend Companies To Own For 2015

Best Dividend Companies To Own For 2015: ENSCO plc(ESV)

Ensco plc, together with its subsidiaries, provides offshore contract drilling services to the oil and gas industry. The company engages in the drilling of offshore oil and natural gas wells by providing its drilling rigs and crews under contracts with international, government-owned, and independent oil and gas companies. As of February 15, 2010, it owned and operated 42 jackup rigs, 4 ultra-deepwater semisubmersible rigs, and 1 barge rig. The company also has 4 ultra-deepwater semisubmersible rigs under construction. It operates in Asia, the Middle East, Australia, New Zealand, Europe, Africa, and North and South America. The company was formerly known as Ensco International plc and changed its name to Ensco plc in March 2010. Ensco plc was founded in 1975 and is based in London, the United Kingdom.

Advisors' Opinion:

• [By Matt DiLallo]

  At the same time, drillers, like Ensco PLC (NYSE: ESV  ) , that didn't have a lot of debt heading into the crisis raised capital before things got worse. The company raised $1.25 billion in debt in the third-quarter while also increasing and extending its credit facility. Those actions enabled the company to increase its financial flexibility as it seeks to fund the seven rigs it currently has under construction. It acted early as it didn't want to be faced with closed credit markets when it needed cash to fund its contracted rigs.  

• [By Ben Levisohn]

  Noble (NE), Transocean (RIG), Ensco (ESV), and Diamond Offshore (DO) are asking themselves that question. While Transocean has 8 floaters stacked, they have not stacked a rig in over a year (sort of) – that may soon change. More recently both Diamond Offshore (Q3) and Ensco (Q2) have taken write downs and starting the stacking/scrapping process.

source from Top Stocks For 2015:http://www.topstocksblog.com/best-dividend-companies-to-own-for-2015.html