Rowan Companies Gain Despite New Drilling Regulations

Shares of Rowan Companies Inc. RDC have jumped almost 10% today despite news of enhanced safety regulations in the U.S Gulf of Mexico following the Deepwater Horizon incident. The new regulations could hit its business because of uncertainties arising from the ability to obtain new drilling permits, according to an SEC filing. The new regulation could potentially have an impact on future earnings. RDC closed yesterday at $25.71.