Don't think I.ve ever seen a service without even an attempt at a drip loop!
Yes John, that is what is missing, I thought that looked pretty strange as I was editing the pics to be uploaded.
I also have certain misgivings about a cable being left to support it's own wieght where the end of it could be cut to bits on that pipe elbow.
If you were so slack here to use a length of Romex as an aerial cable (as in O/Head), you'd support it on a catenary wire at the very least.
Also very hard to see, but is there in fact any sealing in the end of that elbow?.
With regard to the PVC conduit work, I've done a LOT of this work in my time as an electrician and IMO if you can't be bothered to saddle it correctly, don't start the job in the first place.
This looks cheap and shoddy when it could have been nice and neat.
I would fail that job on sight without even leaving the work truck if I was inspecting it.
Next question would be, how does 2" rigid steel become 1 1/4 PVC?.
Assuming that the cable that enters the Rigid is the same as the one in the PVC.