Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Ensco Rowan plc > News item |
Ensco Rowan jumps; energy trends higher; Frontier mixed amid ratings downgrade
By James McCandless
San Antonio, June 26 – At the midpoint of the week, the distressed space shifted focus to energy and telecom tranches.
Ensco Rowan plc’s notes jumped up as the market saw positivity in the name amid rising oil futures and increased investments for offshore drilling.
Elsewhere in the space, Hi-Crush Partners LP and Chaparral Energy, Inc.’s issues followed futures upward as Weatherford International plc’s paper ended mixed.
In telecom, Frontier Communications Corp.’s notes finished mixed as a ratings agency issues several downgrades.
Sector peer Digicel Group Ltd.’s issues fell as the company claims that it has not received a buyout offer from the Antiguan government.
Drugmakers Teva Pharmaceutical Industries Ltd.’s and Mallinckrodt plc’s paper were both pushing higher.
Utilities name PG&E Corp’s notes were under pressure as the company and its creditors propose dueling restructuring plans.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.