Just quickly read that NE is going to pay out $ 1.00 next year in dividend....
calc to a 2.7 % yield at current prices.
Did not see any words from mgmt as to how they plan to get back
into the harsh/UDW "best-of-class" rig contracting lead. NE rig assets
are not the best or the youngest. RIG, ESV, SDRL, ORIG, & PACD to
name a few, have a better rig fleet than NE, now and going forward.
UDW or harsh off shore drilling is a highly technical, highly expensive
and highly profitable business......can NE become a premier leader
in this competitive & global business ?
Or is NE ultimately a buy-out target based on its smallish 7th generation
rig fleet and customer log..............