Joe Terranova's Thoughts On Ensco (ESV)

On CNBC's Fast Money, Joe Terranova gave his opinion about Greenlight Capital's position in ENSCO PLC ESV. He explained that David Einhorn is doing everything he can to get away from the Gulf of Mexico, and ENSCO (ESV) is a perfect pick because its revenues are not U.S. centric. Joe Terranova said that ENSCO (ESV) trades at an attractive P/E multiple, and it generates 37% of its revenue from Asia-Pacific, 25% from UK and another 25% from North and South America. ENSCO (ESV) gained 0.82% in regular trading, and it extended its gains with additional 1.65% in the after hours.