Ensco Int’l Loses Millions Betting on Its Own Stock

In total, the company had purchased 16.5 million shares at a total cost of $937.6 million, or an average price of $56.79 per share.

Acclaimed movie director Billy Wilder once said: “Hindsight is always twenty-twenty.” At October 27, 2008, with the common stock of Ensco trading at $33.40 a share, the company had lost about $386.5 million, or almost 41 percent, of the cash invested in the repurchase programs.

The Question: Might reinvesting the money on expanding its core offshore drilling business — opportunistic purchases of rigs on the cheap from smaller companies unable to compete in the current environment — be a better spend?

In September 2008, the Board of Directors authorized the repurchase of an additional $500 million of Ensco common stock.

Last Updated Oct 29, 2008 2:16 AM EDT. Pursuit of its own shares was probably not a meaningful tool in building value for Ensco stockholders.

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The Upshot: During the nine-month period ended September 30, 2008, Ensco repurchased 3.7 million shares of its common stock at a cost of $256.0 million (an average cost of $69.92 per share) under a 2007 authorization plan

The Best Boats for River Fishing

Powered by 150 to 250 horsepower outboard motors, they are equipped with live wells, electronic depth and fish finders, and electric trolling motors. Two-man jon boats can weight as little as 80 pounds. Canoes are also easily carried on roof racks. Anglers can choose from well-appointed bass boats with high-powered motors to personal water craft such as float tubes, with many other possibilities in between. They are light enough to carry on top of trucks and SUV’s, eliminating the need for a boat trailer. These boats are very stable, with wide, flat bottoms, but unlike jon boats, the bow and stern both taper to a point. Although float tubes are great for moderately deep holes, they are of little use when the water is shallow enough for standing, and they are not suitable for navigating rapids.

Jon boats are flat-bottomed craft with squared-off bows and sterns. Whether skimming the surface of a major river in a high-powered fiberglass vessel in search of 50 pound catfish, seeking browns and rainbows from a well-equipped drift boat, or gliding along quiet, wooded riverbanks in a kayak, anglers will enjoy fishing from the boats that best suit their needs. They are usually constructed of fiberglass and are over 18 feet long. With such a wide selection, every fisherman can find the boat that suits his budget and his fishing style.

Fishing Smaller Rivers

Fishing Big Rivers

Anglers who are after big catfish will need boats of a different style.

Pontoons have a seat for the passenger that is mounted between two floats. For moderately deep rivers with shallow stretches, it’s hard to beat a drift boat.

The angler who is shopping for a river fishing boat should be able to find the perfect craft.

Drift boats are popular with fishing enthusiasts and guides. They come equipped with rod holders and storage compartments.

Starting with the most expensive boats first, bass boats are the craft of choice for anglers who want to get around on big rivers in little time.

Very shallow water is known as skinny water. The heavy rods used in this type of fishing are mounted on the stern of the boat, so a deeper boat with a sturdy transom is necessary.

Choosing the best boat for river fishing depends upon the type of fishing desired and the size and depth of the rivers to be fished. These rugged aluminum boats can manage shallow water, and they stand up well to the occasional collision with underwater rocks and stumps. These can navigate shallower water than either jon boats or drift boats. These craft are easy to maneuver and light to transport. Boats of this type may be fiberglass or aluminum.

Fishing Skinny Water. However, major rivers have powerful currents, so the boat must be substantial enough to accommodate a big outboard. Anglers who seek smallmouth and trout in less powerful waters need boats that are versatile and maneuverable. These may be solid or inflatable, and they are tapered at the front end for greater responsiveness when the passenger needs to steer through rapids.

Smaller rivers don’t require as much current-kicking power. Fishing kayaks are designed to be wide and stable. Good watercraft for such rivers include kayaks, canoes, and float tubes. These low-slung boats have raised casting platforms in the bow and stern. These boats can come completely outfitted with storage boxes, pedestal seats, recessed rod holders, side or floor anchoring systems, and passenger seats. They are less stable than the wide, sit-on-top kayak designs, but they provide greater freedom of movement for passengers

Offshore Betting

You can place wagers 24 hours a day, 7 days a week. The ability to make wagers quickly, securely and easily makes offshore betting very popular.

Most offshore wagering sites have all of this in one site or they are linked to their sister site that handles a particular interest. This can be done in various ways from money orders and bank wires to credit cards and online money services. You don’t have to go to a local cardroom to play poker. There is no question that gamblers are flocking to online gambling sites in record numbers. For example, an online site might have a sports betting name but be very involved in poker as well. You would then have access to their poker site with the same money you used for sports betting. No longer do you have to go to a local casino to place wagers on sports. The ability to make wagers and play poker from the comfort of your own home is a huge plus for gamblers around the globe.

Dealing with an online betting offshore site can be like dealing with a bank. Your money is safe and secure and available for use at anytime. Another plus is that these sites give you bonuses and perks for gambling with them. Normally you can get deposit bonuses that you can turn into real money.

From sports betting and horse racing to poker and casino play, offshore betting is how many gamblers bet their money.

Offshore betting begins for most gamblers by sending money to an offshore gambling site. The same thing applies to horse racing and casino wagering as you would be linked to those options through the one site.

Open a New Account and start offshore betting on sports at SBG Global!

The easy of betting offshore is a huge appeal to most gamblers. The money is put into your offshore online gambling account and bets can be made on a wide variety of things including sports, horse racing, poker and casino games.. You can deposit or withdraw your money from these sites at anytime. You can do everything at one gambling offshore site