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6 pts

Opinion on  Noble Corp. (NE)     Sector: Energy  >  Industry: Oil Well Services & Equipment
Tightest ship in the offshore drilling business

Jul 27, 2008 10:32 PM GMT
Return Risk
-0.75% LOW
Analyst

NE's financials compare favorably with other drillers, for e.g. RIG.  It has been a volatile time recently in Energy stocks, but after NE reported earnings, it seems that investors are finally understanding that NE's revenues are not tied to the price of oil on a given day.  NE has contracts spanning months and years out; just because the price of oil has dropped recently does not mean there is no need to drill for it.


NE:  This call was made on 07/27/08 @ $53.65
Rating:   Positive   $53.65 (07/27/08)
Gain/Loss:   -25.85% in 496 days


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