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TakeawayThe June fleet update for Ensco isn't what one might expect to send the stock down 5% and sink the sector. The news that rigs are being idled after coming off contract shouldn't surprise investors. The fact that the stock is down 5% on the news shows that the market isn't fully appreciating the level of prada outlet online the downturn yet. There are a few exceptions. The gross long and short yen positions are smaller now than mid December, but the net position is little changed at 90.1k ...

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