3 Key Takeaways From Ensco's Earnings

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For investors in Ensco (NYSE: ESV  ) 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 (NYSE: PBR  ) expects to spend $200 billion in the offshore market alone over the next couple of years, and Total (NYSE: TOT  ) and Royal Dutch Shell (NYSE: RDS-A  ) -- 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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