Rowan (NYSE: RDC ) declares $0.10/share quarterly dividend , in line with previous. Forward yield 1.29% Payable Aug. 26; for shareholders of record Aug. 11; ex-div Aug. 7. Post your comment!
reminder that the trend in ultra-deepwater dayrates remains firmly down . Other offshore drillers also are lower: SDRL -1.2% , RIG -2% , NE -1.9% , ESV -1.8% , ATW -1.6% , HERO -2.2% , RDC -0.8% . Post your comment!
Rowan (NYSE: RDC ) +2.5% AH after hedge fund Blue Harbour Group discloses a 6.5 ..... held at the end of the latest quarter. Blue Harbour says it has discussed RDC 's business, management, capital structure and allocation, corporate
safety during the downturn, specifically Ocean Rig UDW ( ORIG +0.4% ), Pacific Drilling ( PACD -0.1% ) and Rowan ( RDC +0.1% ), given their high-specification exposure. Also: SDRL +0.7% , RIG +0.5% , ESV +0.2% , DO -0.5
Seadrill ( SDRL -0.8% ), Diamond Offshore ( DO +0.1% ), Ensco ( ESV -0.1% ), Noble ( NBL -1.2% ), Rowan ( RDC -0.1% ) and Atwood Oceanics ( ATW +0.3% ) to Market Perform from Underperform. BMO believes the stocks largely discount
in 2015. ATW and other offshore drillers are lower after Seadrill ( SDRL -4.8% ) announced it would sell $1B in convertible bonds; RIG -1.7% , HERO -1.3% , ESV -0.9% , RDC -0.9% , HP -0.8% , DO -0.1% . 1 comment!
months of operation, which should not cause concern , Cowen says; Ocean Rig ( ORIG ), Pacific Drilling ( PACD ) and Rowan ( RDC ) have faced similar startup issues on newbuild drillships, which are fairly common as the kinks in new equipment and systems
In its latest fleet status update , Rowan ( RDC -1.7% ) says it has entered into a two-year ..... Rowan Relentless that will add ~$425M to RDC 's current contract backlog, meaning that all four of RDC 's ultra-deepwater drillships are now under
fleet with 2014 availability is the jackup Atwood Mako, which completes a contract in November. Also today: SDRL -0.4% , RDC -0.1% , HP +0.8% , HERO +0.7% , NADL +1.4% , ORIG +0.4% , PACD -0.1% . 1 comment!
market weakness likely to last well into 2015. Still, the rally has pushed drillers' shares near their 200-day moving averages; today, DO +0.8% , SDRL +0.6% , HP +0.7% , ATW +0.1% , RDC -1% , HERO -2.2% . 5 comments!