Noble Corp

  • 3 Sizzling Oil and Gas Drilling Stocks

    By Hussain Asghar - August 14, 2013 | Tickers: NE, SDRL, RIG

    Companies involved in the oil and gas drilling industry are involved in developing oil and gas fields. Their primary activities are exploration and production of crude oil and gas. Global demand for energy continues to grow, especially in emerging markets such as China and India. Oil and gas are found in inhospitable areas such as deep water, arctic regions, and politically volatile areas of the world. With the rise in more »

  • A Few Reasons Why This Company Can Get Better

    By Marshall Hargrave - July 15, 2013 | Tickers: DO, ESV, NE, RIG

    With its infamously appropriate RIG ticker symbol, Transocean (NYSE: RIG) operates the world's largest fleet of offshore drilling rigs. The company has been on a whirlwind ride over the past few years, thanks to the Deepwater Horizon incident; grossly under-performing the market over the past five years.

    Thanks in part to this under-performance, billionaire activist Carl Icahn took a stake in the company during 4Q 2012, and now owns more »

  • Don’t Miss Out on These Oil & Gas Drilling Companies

    By Madhukar Dubey - July 1, 2013 | Tickers: DO, NE, RIG

    According to Barclays, global spending on oil exploration and production is expected to rise from $604 billion in the previous year, to around $644 billion in the current year. This will be driven by an upsurge in the capex of the oil companies, that are expected to increase by 9% this year. Global rig delivery in 2013 is estimated to be around 62, which was just 33 in the previous more »

  • Is Transocean as Good a Buy as it Seems?

    By Meena Krishnamsetty - June 30, 2013 | Tickers: DO, NE, SDRL, RIG

    Offshore driller Transocean (NYSE: RIG) has not been earning much money over the last year compared to its market capitalization of $17 billion, but the company experienced a decent first quarter and Wall Street analysts are highly optimistic about its future. Consensus forecasts predict that Transocean will earn over $6 per share in 2014, making for a forward earnings multiple of only 8 -- clearly in value territory. With earnings expected more »

  • Off-Shore Drilling Companies: Performance Review

    By Vanina Egea - June 28, 2013 | Tickers: DO, NE, RIG

    US oil production has been growing at an astonishing rate. US Oil production increased 14% last year, reaching 8.9 million barrels per day, reverting the declining production of previous years. This oil production revolution has given offshore drilling companies a new and fundamental role in the oil and gas industry.

    Let’s see what was the performance of three big drilling companies in the past months: Diamond Offshore (NYSE: DOmore »)

  • How Oilfield-Services Stocks Can Bolster Your Returns

    By Damon Churchwell - June 25, 2013 | Tickers: ESV, NE, SLB, RIG

    Don't let pressured stock prices in the oilfield-services sector deter you from considering them to be good long-term holdings. Crude oil prices have been hovering above $90 a barrel, spurring demand from the major oil and gas companies for drilling equipment. In the past, prices of above $80 had been conducive to the drilling of new wells. Selecting holdings from the oilfield-services industry will require an overview of the more »

  • As Brent Stays Over $100, the Deepwater Drillers Remain Attractive

    By Mark Holder - June 3, 2013 | Tickers: ATW, ESV, NE, PACD

    While investors remain focused on surging domestic oil production, the market is missing that global oil prices remain high. With Brent trading over $100, the deepwater drillers provide attractive investment options with PE ratios below 10.

    Some of the leading drillers include Ensco (NYSE: ESV), Noble (NYSE: NE), and Atwood Oceanics (NYSE: ATW) along with speculative Pacific Drilling (NYSE: PACD).  Other investors may prefer the high yielding SeaDrill Limited or more »

  • Buying on Weakness for This Offshore Drilling Provider

    By Nick Chiu - May 15, 2013 | Tickers: NE, SDRL, RIG

    Transocean (NYSE: RIG) owns the world's largest deepwater and ultra-deepwater drilling fleets and provides offshore contract drilling services for oil and gas wells internationally. Smart investors are patient and focus on the big trend for the long term. Despite the disappointing numbers, Transocean presents a good opportunity to buy on weakness to ride the uprising trend for offshore drilling while the company continues to maintain a strong backlog and more »

  • 3 Oil Companies You Should Buy This Year

    By Madhukar Dubey - May 14, 2013 | Tickers: DO, HP, NE

    Over the last five years, the Oil & Gas Drilling and Exploration industry has experienced growth in spite of the recession. According to IBISWorld’s data, the industry has experienced an annual growth rate of 2.8% from 2008. Oil companies, on the other side, are spending hoards of cash to keep pace with this growth and maintain their market share. According to the Guggenheim Securities Data, the average amount spent more »

  • 3 Companies Drilling OPEC's Coffin

    By Robert Zimmerman - May 9, 2013 | Tickers: NE, SDRL, RIG

    Note: A previous version of this article incorrectly referred to Noble Corp as Noble Energy. The error has been corrected below.

    Oil exploration and production in the Gulf of Mexico continues its upward momentum in all aspects. By some estimates, the Gulf could yield 2.5 BOE/day. Given that the US imports about 4 million BOE/day from OPEC countries, Gulf of Mexico oil could seriously hurt OPEC imports more »

  • Growth Opportunities in a Flat Economy

    By David Mercer - April 29, 2013 | Tickers: COST, NE, PM

    In today's market, it's difficult to find good growth-stock opportunities. Today we'll examine a few stocks which may be suitable additions to your portfolio. In addition, each of these stocks offers significant (potential) upside because of their aggressive growth qualities. This aspect of each of them is critical in a market of surging prices and declining buy-side opportunities for the long-term value investor. So, let's look more »

  • 3 Offshore Drilling Giants Worth a Deeper Dive

    By Damian Illia - April 22, 2013 | Tickers: DO, NE, RIG

    Exploration and production for most of the oil & gas industry has become a headache. Oil is difficult to find, and is becoming more expensive to extract. That's placing drilling companies’ operations and increasing costs under increased scrutiny, even failed projects and exponential capital expenditures squeeze profit margins.

    Let's see how three major drillers are handling the pressure.

    Diamond Offshore: Revenues Down But Balance Sheet Is Healthy

    Diamond Offshore more »

  • Hedge Fund Takes 8.3% Stake in This Offshore Driller

    By Meena Krishnamsetty - April 21, 2013 | Tickers: ESV, NE, RIG

    According to a 13G filed with the SEC, Jeffrey Tannenbaum’s Fir Tree owned 21 million shares of Noble Corp (NYSE: NE), a $9.1 billion market cap contract offshore driller operating globally. This looks to have been a very big move for Fir Tree: the hedge fund had not owned any shares of Noble as of the end of December, per its 13F filing, and the size of this more »

  • Hedge Fund Takes 8.3 % Stake in This Offshore Driller

    By Meena Krishnamsetty - April 17, 2013 | Tickers: ESV, NE, RIG

    According to a 13G filed with the SEC, Jeffrey Tannenbaum’s Fir Tree owned 21 million shares of Noble Corp (NYSE: NE), a $9.1 billion market cap contract offshore driller operating globally. This looks to have been a very big move for Fir Tree: the hedge fund had not owned any shares of Noble as of the end of December, per its 13F filing, and the size of this more »

  • 3 Key Earnings Reports Scheduled for April 17

    By Damon Churchwell - April 15, 2013 | Tickers: NE, PLXS, TXT

    As the earnings season kicks in, it will be interesting to see if the market gains or loses momentum. By most estimates, the economy improved modestly, possibly at a 2% plus pace, but better than the 0.4% fourth-quarter advance. The following are just three of the earnings releases on tap for Wednesday, April 17, when nearly 70 companies plan to post results.

    Textron (NYSE: TXT)

    The defense contractor with more »

  • A Potential 8% Yield for Transocean

    By Anh HOANG - April 12, 2013 | Tickers: ESV, NE, RIG

    Carl Icahn, one of the most famous billionaire activist investors in the world, has accumulated more than 20.1 million shares in one of the biggest global drilling-services companies in the world, Transocean (NYSE: RIG). At the moment, he is the owner of an approximate 5.4% stake in this company.

    Icahn recently sent an open letter to the company’s shareholders, urging them to vote for his proposal to more »

  • Alaskan Offshore Provides ConocoPhillips Opportunity

    By Peter Pham - April 9, 2013 | Tickers: COP, NE, RDSA, RDS-A, STO

    ConocoPhillips (NYSE: COP) is going ahead with its Arctic drilling plans despite the series of setbacks reported by Royal Dutch Shell (NYSE:RDS.A)in the region. At the National Oceanic and Atmospheric Administration's (NOAA) Arctic Open Water meeting recently, ConocoPhillips revealed that it is eyeing the Devils Paw area of Chukchi Sea, 80 miles off the shore of Alaska. Although Shell is a much bigger firm, ConocoPhillips is more »

  • A Potential 8% Yield for Transocean

    By Anh HOANG - April 8, 2013 | Tickers: ESV, NE, RIG

    Carl Icahn, the most famous billionaire activist investor, has accumulated more than 20.1 million shares in one of the biggest global drilling services company, Transocean (NYSE: RIG). At the current moment, he is the owner of around 5.43% stake in this company. Several days ago, he sent an open letter to the company’s shareholders, urging them to vote for his proposal to increase the dividend payment to more »

  • Looking at Seadrill With a SWOT Analysis

    By Fani Kelesidou - March 25, 2013 | Tickers: ESV, NE, SDRL, RIG

    You can easily figure out a company's "raison d'etre" just by taking a look at its mission statement. However, if you wish to dig deeper into its business and examine whether or not it lives up to its initial promise, a SWOT analysis should do the trick.

    Seadrill's (NYSE: SDRL) ultimate goal is to become “the world's most important partner in making oil and gas available more »

  • A Great Offshore Driller Play

    By JP Kril - March 18, 2013 | Tickers: NE, RIG

    I figured it only made sense after my oddly negative Noble (NYSE: NE) fleet status update, that I would give my rationale for why I am actually long Noble (NYSE: NE). Despite residual bitterness from the fleet status, this company is on the right track with a long-tenured and transparent management team at the helm, huge industry tailwinds, a massive fleet transformation that they will start to realize cashflows from more »

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