No. 1 Offshore Driller Continues to Impress

By Taylor Muckerman – Feb 21, 2013 at 5:47PM

OTC: VAL

Valaris plc

Awards and earnings highlighted this company's fourth-quarter and full-year release for 2012.

The same week that Ensco plc (VAL) released its full-year and fourth-quarter results for 2012, the company also received the award for being ranked No. 1 in total customer satisfaction among offshore drillers in the 2012 Oilfield Products & Services Customer Satisfaction Survey conducted by EnergyPoint Research. The good news continued during the earnings call, when investors were notified of double-digit gains in revenue, expanding segment margins, and increased floater utilization. Increasing this utilization continues to keep Ensco ahead of its peers in the deepwater space. With the future of offshore drilling appearing bright, investors should be very optimistic about Ensco's future.

Taylor Muckerman owns shares of Ensco. The Motley Fool recommends Seadrill. The Motley Fool owns shares of Seadrill and Transocean. 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.