Despite the upgrade, West still rates other offshore drillers higher than Transocean, as Ensco (ESV), Noble (NE), and Rowan (RDC) all have Buy ratings. After the Transocean upgrade, Seadrill (SDRL) and North Atlantic Drilling (NADL) are West’s only remaining Sell-rated offshore drillers.
Shares of Transocean have jumped 6.7% to $11.77 at 11:30 a.m. today, while Ensco has gained 4.3% to $10.04, Noble has risen 3.9% to $8.47, Rowan has advanced 3.2% to $18.20, Seadrill has rallied 4.5% to $3.39, and North Atlantic Drilling has climbed 6.4% to $7.18.
I am putting my 30,000 shares of NE and 40,000 shares of PGNPQ in a trust for 20 years. These are keepers because in your lifetime, you will never see another super-cycle in oil like this due to the world war on the dollar.
Dedollarization by BRICS and mostly Russia drove oil into the ground, but it will never happen again. Kerry is not that stupid again but will be he gone anyway soon. BREXIT is just another buying opportunity. Think long term and realize you are catching the greatest oil super-cycle in history with the lows in an on the way up.
Saudi and OPEC can only bleed this way for two more years at best. Thank Putin for being the first opponent of globalization and to abandon the dollar without being bombed outright as was Iran, Libya, Syria, etc.
Contagion lead to BREXIT and now 27 nations to go. The EU has collapsed without outright dictatorship galloping into the head winds for the world to see. Fascist criminals.
The secret is out! IMHO
Good mentions in a Barrons Article today. NE is solid. I have been picking up shares on the dips. I believe these levels will generate a nice return if one is able to hold for a year...
Open limit at 6.66 10k at a devil of a price.
Come on NE push the down button. We get rich together or file chapter 11 together. You are my stock wife now so shaking me out will never happen. I love you too much baby - till death do us part.
Article a few days ago which discussed where in the world drilling off shore was both increasing and rates were increasing. NE is heavily invested in many of the places according to the article. Worth reading.
We operate through various subsidiaries in numerous countries throughout the world. Consequently, we are subject to changes in tax laws, treaties or regulations or the interpretation or enforcement thereof in the United Kingdom, the U.S. or jurisdictions in which we or any of our subsidiaries operate or are incorporated. For example, the Organization for Economic Co-Operation and Development (“OECD”) published a Base Erosion and Profit Shifting Action Plan (“BEPS”) in July 2013. BEPS seeks to reform the taxation of multinational companies. On October 5, 2015, the OECD released final reports on all 15 focus areas in its Action Plan on BEPS. These reports covered the seven topics that were the subjects of the 2014 Deliverables approved in the fall of 2014 and finalize subsequent discussion drafts on the remaining eight BEPS Actions. The 2015 Final Reports recommend changes to domestic laws, the OECD Model Tax Convention, and the OECD Transfer Pricing Guidelines. In addition, they propose to accelerate the incorporation of recommended income tax treaty changes into existing bilateral treaties through a multilateral convention to be entered into by interested countries. Although any recommendations made by the OECD are not changes in tax law, this may result in unilateral country action which may be uncoordinated, may create double taxation and increase controversy, both of which would be adverse for the global economy and may result in a material adverse effect on our financial statements.
Their payments come with respect the the local currency the business occurs. Britain is the final place but then to US holders they pay out in dollars. I am not sure that the dollar changed strengthened with respect to the world currencies but only with respect to uk. If that be the case uk is nothing more than a clearing house. But what did happen is oil wreaked. Now that could affect the price.
Interesting article today on yahoo about oil prices going forward maybe 80-90.
I own the Noble Bonds which are domiciled in the Cayman Islands. I do think the currency risk exists in the common.
A penny stock on the way to bankruptcy. They must be desperate. You should be held liable if someone loses their money.
PRHL has had soem massive news flow and investors are just starting to catch on. This company has already shown that it can move moving up almost 100% before pulling back. PRHL could be huge
Means nothing - immaterial to their business model. Below $9 is a buying opportunity. I happily picked up more shares today.
Looking for day and swing momentum alerts? LionStockAlerts has you covered.They call it like it is cutting through the BS to deliver real alerts
They want you to sell out shares and buy the apparent winners like RIG, DO, ATW. It's a trick my friends as NE is the best driller but they only want institutions holding large blocks. Buy the dips and pay attention to the balance sheet and not the collusion among drillers and institutions holding shares. Drilling in GOM and Brazil get busy in 2017 so 6 more months to accumulate thousands of more NE shares. Big bubbles no troubles.
They don’t want you to know about LionStockAlerts because these guys are the real deal. They only alert solid momentum stocks, NO BS…