Einhorn's Greenlight Capital Shows 5.2% Stake In Ensco plc (ESV)

July 12, 2010 4:31 PM EDT
In a 13G filing after the close on Ensco plc (NYSE: ESV), David Einhorn's Greenlight Capital hedge fund disclosed a 5.2%, or 7,416,880 share, stake in the oil driller. The firm did not show a stake in the company at the quarter ended March 31, 2010.

Like most oil drillers, Ensco plc has significantly underperformed the market since the April 20th Gulf of Mexico oil spill. Ensco is down 14.3 percent since the spill.

Ensco plc, formerly Ensco International plc (Ensco), is an offshore contract drilling company. As of February 15, 2010, Ensco’s offshore rig fleet included 42 jackup rigs, four ultra-deepwater semisubmersible rigs and one barge rig.

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Greenlight Capital, David Einhorn, Hedge Funds, 13G

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