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Ensco (ESV +2.9%) is "a great boring investment," Stephens says in initiating coverage of...
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Wednesday, June 27, 2012, 3:11 PM ETEnsco (ESV +2.9%) is "a great boring investment," Stephens says in initiating coverage of the drilling contractor with an Overweight rating. ESV has the second-largest drilling fleet and the second-youngest ultra-deepwater fleet among its peers, and is on the tail of its expansion program while competitors are either just beginning or in the midst of their expansion efforts.
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