Can Ensco Stay on Course With a New CEO?
Investors in Ensco may be a little nervous right now because CEO Daniel Rabun, the man who has led Ensco through a spectacular transformation in the rig industry, has announced his retirement. In the eight years that Rabun has been at the head of the company, Ensco has gone from an almost exclusively jackup rig company to an elite ultra-deepwater company that is now going head-to-head with industry leader Seadrill .
So what does the incoming CEO, whose name hasn't yet been announced, need to do to keep Ensco running on all cylinders? Tune into the video below to see what contributor Tyler Crowe suggests the new CEO should do to keep pace with Seadrill and how investors should analyze the incoming leader.
Ensco has been key in shifting power from OPEC, but this company is the engine
Advanced technology in the offshore exploration has been a critical cog in transitioning the global oil market away from the traditional centers of power. Of all the companies that are giving OPEC headaches, this one behind-the-scenes energy giant is at the heart of this transition. We have put together a brand-new Motley Fool special report that goes into depth about the company we're calling "OPEC's Worst Nightmare." Simply click here and we'll give you access to this valuable report that unveils the name of this industry leader.
The article Can Ensco Stay on Course With a New CEO? originally appeared on Fool.com.Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Seadrill. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.