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Top 5 Companies in the Oil & Gas Drilling Industry With the Highest Level of Cash (RIG, SDRL, RDC, ESV, NE)

By David Diaz

Below are the three companies in the Oil & Gas Drilling industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.

Transocean Ltd ranks highest with a CE of $3,000. Following is Seadrill Ltd with a CE of $2,000. Rowan Companie-A ranks third highest with a CE of $1,000.

Ensco Plc-Cl A follows with a CE of $885, and Noble Corp Plc rounds out the top five with a CE of $663.

SmarTrend recommended that its subscribers protect gains by selling shares of Rowan Companie-A on February 27th, 2019 by issuing a Downtrend alert when the shares were trading at $11.57. Since that call, shares of Rowan Companie-A have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest level of cash transocean ltd seadrill ltd rowan companie-a ensco plc-cl a noble corp plc

Ticker(s): RIG SDRL RDC ESV NE