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Will Ensco plc Follow Noble Corp.'s and Diamond Offshore Drilling, Inc.'s Good Quarter?

By Tyler Crowe - Feb 13, 2014 at 9:43AM

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Other rig companies have posted some surpisingly good results this past quarter, can Ensco keep the party going?

Both Diamond Offshore (DO) and Noble Corp. (NEBLQ) put together some pretty impressive quarterly earnings reports, especially considering their recent struggles with older fleets. This is leading to a couple of questions regarding the rig market for 2014. Is this a fluke for two underperforming companies? Or is this indicative of the overall health of the market? The answer to these questions will likely become more clear when Ensco (VAL) reports earnings coming up.

While these are some questions regarding the overall health of the market, there are some items that Ensco investors should be looking for in particular, namely if the company has been able to find homes for the rigs on which Brazilian company OGX defaulted on payment. Find out what else Ensco investors should be looking for by tuning into the video below. 

Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool.

The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. 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.

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Stocks Mentioned

Noble Corporation plc Stock Quote
Noble Corporation plc
NEBLQ
Diamond Offshore Drilling, Inc. Stock Quote
Diamond Offshore Drilling, Inc.
DO
Valaris plc Stock Quote
Valaris plc
VAL

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