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Noble Corporation plc Message Board

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  • smathan75 smathan75 May 15, 2012 8:22 PM Flag

    Anything Fundamentaly wrong here

    The down momentum is hard. I may look for 28 rather than 30 as an entry point. Risk reward is not favorable at 32-33. ESV not hit as hard but fell into the high 30's just late last year, so I am more fearful of buying other than for a quick trade.

    To some extent, the drop in commodities may make a potential qe3 make these stocks fly later in the later year. That may make them worth the gamble.

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    • I wouldn't bank on seeing $28. And the risk/reward isn't favorable at $32-33? Upside about 50%, downside about 10%, I'm not sure it gets much better than that.

      I'd love to see a buyback here. A dividend would be nice longer-term but there's a lot of volatility related to dividend announcements, cuts, ex-divi dates etc that I wouldn't care to see in NE. But a solid buyback that shows management's conviction that we're undervalued would be a wise move.

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