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 ..... 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!
this previous experience prepares him very well for taking over as CEO, and expect the transition to be a smooth one. Rowan Companies has been drilling for oil and gas for 90 years, serving oil and gas companies globally. Its premium rigs can drill deeper
dayrate, and the contract on the Paul Romano was cut from two years to six months, causing a $223M reduction in contracted revenue for 2015-16. RDC +1.8% , ATW +1.5% , RIG +0.7% , DO +0.2% , ESV +0.1% . 1 comment!