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Noble Corp

  • 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 Madhu Dube - 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 »

  • Paying attention to Noble’s Fleet Status Update

    By JP Kril - March 12, 2013 | Tickers: NE

    If you learned anything from Michael Lewis's The Big Short, it should be to pay attention to the information that no one else wants to pay attention to. 

    Who likes reading oil rig fleet updates? They are long, fine printed, and filled with verbiage that no one else likes reading. So, why do we even care about them? For off-shore drilling contractors like Noble (NE), they are the best more »

  • Atwood Oceanics: Cheap Valuation for the Growth

    By Mark Holder - February 28, 2013 | Tickers: ATW, ESV, NE, RIG

    It used to be that growth stocks traded at 1x the earnings growth rate. A stock growing at 10% with earnings forecasted at $2 would trade at $20 and in some cases up to 2x that growth rate. In the current climate a stock such as Atwood Oceanics (NYSE: ATW) can trade at virtually half the growth rate.

    The company is an under-the-radar global offshore deepwater drilling contractor engaged in more »

  • Why the SEC's Aggressive FCPA Actions Are Useless

    By Greg Gambone - February 14, 2013 | Tickers: NES.DL, NE, WMT

    Elisse Walter, Chairman of the Securities and Exchange Commission, made the opening remarks at the Foreign Bribery and Corruption Training Conference in Washington, D.C. on Monday. The overall tone of the comments was optimistic about the agency’s capabilities, yet clearly suggestive of an intention to increase efforts to seek out and vehemently prosecute corporations who violate the FCPA.

    Merriam-Webster defines bribery as “[the] crime of giving a benefit more »

  • Billionaire Carl Icahn Builds His Stake in This Drilling Company

    By Anh HOANG - January 23, 2013 | Tickers: ESV, NE, RIG

    The activist investor Carl Icahn got active again! Recently, Transocean (NYSE: RIG) reported that Carl Icahn acquired 3.26% of the company, including 1.56% common shares and a synthetic long position representing 1.7% of the total shares outstanding. In addition, he is seeking approval to acquire voting securities of the company. Should investors follow Carl Icahn into Transocean, even after the $1.4 billion fine for the Gulf more »

  • Unearthing the Value Activist Carl Icahn Sees In Transocean

    By Marshall Hargrave - January 16, 2013 | Tickers: ATW, DO, ESV, NE, RIG

    Activist investor Carl Icahn is back in action, this time announcing a 1.56% stake in Transocean (NYSE: RIG), his latest venture into the oil and gas industry. According to the company, Icahn’s planned future purchase of Transocean shares would amount to at least 3.4 percent and make Icahn one of the top two shareholders, but it remains unclear as to whether he will take an activist role more »

  • Drilling Deep For Profits With Oil Drillers

    By Michael Mistaleski - January 13, 2013 | Tickers: ESV, NE, RIG

    It has been almost three years since the April 2010 BP oil spill. Billions are being paid in settlements. In late November of 2012 the United States government auctioned more than 20 million acres of offshore leases from the Texas coast. The vast majority of the winning bids were for deep water drilling tracts. The drilling sector has had a rally of late,  and how could they not with prices more »

  • Take a Look at These Four Oilfield Services Stocks

    By Damon Churchwell - December 17, 2012 | Tickers: DO, ESV, HLX, NE

    Oilfield drilling contractors have a few positives working in their favor: first, the oil and gas industry continues to explore and develop, specifically in deepwater regions. Second, consolidation among companies should help to firm up pricing and utilization. On the other hand, as it expands there is some concern of excess capacity, a situation that tends to go hand in hand with falling energy prices and reduced production. Subsequently, we more »

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