Rowan’s shallow water fleet will offer more stability than its drillships for years to come.
No-moat Rowan’s third-quarter results included revenue of $267 million, 9% higher than our expectations. With only 23% of its jackup fleet nonoperable, Rowan leveraged its experience into several contract extensions. The firm proved to be the most effective in Trinidad, where it secured extensions for Joe Douglas and EXL II through most of 2018, with BP. It also extended Ralph Coffman through the end of this year. Despite success in shallow waters, the lack of opportunities in floater markets ha...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.