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Noble Corporation plc Message Board

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  • Box7 Box7 Feb 23, 1998 7:04 PM Flag

    When to BUY?

    Like I said, I bought this in the 2's, 3's, 5's and 7's. I am out now.

    You better be careful. Offshore rigs are just a bunch of iron. And
    NE is therefore dependent on operators plans, primarily in the Gulf of Mexico (very cyclical). Their work in the North Sea are old Bawden Drilling platform management contracts ( like a personnel agency). Besides, Jim Day ran off most of the good Bawden management a few years ago. Ditto to Transworld, and some Chiles management. The good ones were threats, Day wouldn't want that.

    Anyway, good luck traders. I hope you really understand what you own.

 
NE
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