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Noble Corp. Message Board

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  • apoptosis24 apoptosis24 Jul 8, 2009 1:11 AM Flag

    New Owner

    I too find the valuation ridiculous, but it's been here for so long so the market is obviously telling us something. Perhaps you're right, and the market considers the possibility that eventually there will be no more oil to be had. What happens to these guys when we run out of oil...go out of business I guess?

    That said, I'm not sure only 10-20 more years of drilling is a reasonable estimate. I think the price of oil itself would be priced much higher if the market believed we were running out that quickly.

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    • whoever said 10-20 years is an unqualified idiot. these companies are not building deepwater rigs to drill for 8 - 18 years from when they come to market in 2012. That's just plain stupid. at the rate i'm going, i'll be driving the same car in 15 years that i have been for the last 12, LOL. and it ain't a hybrid, obviously. or a volvo running on biodiesel, LOL.

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