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Noble Corporation plc Message Board

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  • caninefriend_2000 caninefriend_2000 Jun 2, 2010 3:34 PM Flag

    A sign of massive hysteria on this spill


    Good point you raised on NE's current
    valuation. But the oil that leaks
    naturally doesn't show up on CNN etc. If
    the oil begins showing up and ruining
    Florida's panhandle beaches, even NE will
    get taken down more. I own some NE
    and would like to buy more at this level,
    but won't. Hopefully I will have missed
    a great buying opportunity, which will likely
    mean the spill has been stopped. I will gladly
    take that trade-off.

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    • When the reasons, all the careless stupid ones, for the spill come out...your fears wills be negated...every well drilled now is not doomed to fail.

      • 1 Reply to TURBOFINANCE
      • ejohnson47 Jun 2, 2010 4:24 PM Flag

        The coverage has no doubt caused some investors to put off buying, others to sell, and some to short. All of this is already done, but I would guess that the shorts are only starting to cover, and those sitting on the sidelines are deciding when to jump in. There is more to that though. What this situation has done is made this sector a very good deal in a very public way. This stock could rise as fast or faster than it fell.

11.47+0.86(+8.11%)Oct 2 4:02 PMEDT