Trade: Ensco PLC (ESV)

Stock Ratings: 1 = buy at current stock prices, 2 = buy on a 5-10% dip in stock price, 3 = sell on a 5-10% increase in stock price, 4 = sell at current stock prices to raise cash.  Ratings are based upon 12-18 month outlook on stock direction and not necessarily related to moves I make due to financial positioning.

Today I bought more shares of Ensco at $45.43.  The stock has continued to drop due to falling oil prices and lack of favor with deep water drillers as a whole.  The stock now yields over 6.5%, but I will admit I bought more too soon, especially since the stock dropped to almost $44.50 during the day.  I don't expect to make any further shares without first raising cash as well as the stock getting closer to a 7%+ yield.