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Robert Rodriguez on Rowan Companies (RDC)

November 22, 2006 | About:
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We also added to our Rowan Companies holding because we believe the offshore-drilling business environment is extremely attractive currently, and we expect this trend to continue for a very long time. The company has no net debt while selling at less than 10x this year’s earnings. With a shortage of jack-up rigs internationally along with a balance between demand and supply in the Gulf of Mexico, offshore drilling day rates are extremely attractive for Rowan.


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