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Noble Corp. Message Board

  • nysfparachute nysfparachute Dec 12, 2013 1:11 PM Flag

    RIG and ESV

    RIG and ESV each stacked a rig, and Petrobras terminated a contract early that it had with RIG. I think there is general nervousness in the investment community concerning strength of the offshore market going into next year. But there is plenty of evidence of a strong market. It might end up being a situation in which strong markets for say high spec rigs balance out weakness for say older rigs. We're now at that point though where risk/reward considerations kick in and people feel these stocks are a Buy because the bad news is priced in and any good news could take us pretty far.

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