Mon, Mar 2, 2015, 6:18 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Noble Corp. Message Board

  • nysfparachute nysfparachute Jun 12, 2013 1:19 PM Flag

    esv sliced thru its 200 day today

    I'm going to be careful, and stick for now with put sales that get me in NE around 35 if they get put to me in July. Nibbled a little NE today, but not going to buy any more.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I have seen a few news items that might account for the sector weakness,

      here's one thought

      "DNB Markets (Norway):

      Petrobras (PETBRA) breaks off negotiations for the extension of contracts on 6 UDW rigs

      PETROBRAS unexpectedly broke off negotiations for the extension of contracts on six ultra-deep-water driling rigs this week, raising expectations of a major new tender for pre-salt capable units for delivery in 2015.

      The state-controlled company launched renewal talks for the six units in late 2012, hoping to guarantee the presence of rigs that are currently drilling in the key pre-salt blocks BM-S-9 and BM-S-11.

      The six rigs for which Petrobras was seeking renewal terms were Pacific Drilling's drillship Pacific Mistral, Diamond Offshore's semi-submersible Ocean Valor, Sea¬drill's semisubs West Orion and West Taurus, and the Ocean Rig drillships Corcovado and Mykonos. The fear of running short of rigs in the pre-salt blocks spurred Petrobras and its pre-salt partners to start seeking contractual renewals much earlier than usual.

      "This was a thinly-disguised attempt to place a safety net beneath the domestic rig-building programme. Sete Brasil is supposed to start delivering Brazilian rigs in 2015, but everyone knows the risks of late delivery in the new yards," said one source involved in the talks.

      Upstream has learned that Petrobras considered prices presented by the four companies as considerably higher than prevailing international rates, due to what most participants claimed were unusually high costs faced in Brazil.

      "Petrobras received an unsolicited proposal on behalf of another drilling company, and that was enough to tip the balance in favour of cancelling the talks and making preparation for a full blown tender," said one observer.

      It is understood the company in question was Sevan Drilling. "

    • sorry to reply to my own message (sign of insanity?), but just wanted to add that the deep water drillers are really weak bounce evidence on market bounces...looks like the mood is just very negative on them today so why fight the tape today. Still, something's gotta give re Oil prices so strong and market relatively strong regarding how much NE is down off it's 2013 highs vs. market....always higher beta though as compared with market.

15.94-0.70(-4.21%)Mar 2 4:01 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.