Opportunities in Oil?

Kathy asks:
I just read your recent post on Seeking Alpha discussing opportunities in the energy sector. If you had 10K would you put it in COP or one of the major integrateds now? Or where? RIG or SLB?
Thanks for writing, Kathy. I won’t be making any specific recommendations but I’ve put together a [...]

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ENSCO INTL (ESV) Q3 2008 Update

All results US$ unless otherwise noted:

Through nine months of 2008, operating cash flow (OCF) came in at $743M, down 12% YoY from $844M.  As noted previously,the company registered very large cash outlays for accrued taxes and other liabilities as well as its ARS fiasco.
In the current credit crunch, Ensco’s solid balance sheet is precious (even [...]

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Ensco (ESV) Q2 2008 Update

All results US$ unless otherwise noted:

Through the 1st half of 2008, operating cash flow (OCF) came in at $412M, down 23% YoY.  Excluding the auction rate securities situation ($73.3M), OCF was still down 9% from 2007.  The company registered very large cash outlays for accrued taxes and other liabilities, which is reflected in the company’s improved current [...]

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Ensco Int. Q1 2008 Earnings Review

Q1 2008 results (all US$ unless noted):

Operating cash flow dropped 45.9% to $151.2M. A large portion of this stemmed from the $83M of auction rate securities (ARS), which were originally intended for short-term liquidity needs, being transferred to long-term investments and not available for working capital. Backing out this one-time event, OCF [...]

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Stock Research

Here is the research from the old website. Any updates can be found on the this blog and will not be reflected on these older web pages.
ENLIGHTENED-AMERICAN PORTFOLIO PICKS
Agnico-Eagle Mines – (AEM-US) – updated 10/28/2007
Chesapeake Energy – (CHK-US) – updated 11/18/2007
Devon Energy Research Report – (DVN-US) – updated 02/12/2008
Elements ETN linked to the [...]

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Report posted for new pick: Ensco Int. (ESV)

I’ve posted my research report for Ensco (ESV) on the Enlightened-American website. It comes in 6 parts:
Main Page+Updates
Risks
Upside
Competitors
Valuation/Investment Thesis
Management, Probable Outcomes & Performance Targets
Take care out there.

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