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Noble Corp. Message Board

drwiggin 56 posts  |  Last Activity: 16 hours ago Member since: Feb 21, 1999
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  • Reply to

    elevator up?

    by fandango524 16 hours ago
    drwiggin drwiggin 16 hours ago Flag

    Perhaps the madness of this morning is behind us. Upward from here.

  • Reply to

    Surprised the initial bump AH is fading

    by i_call_b_s Apr 16, 2014 5:30 PM
    drwiggin drwiggin Apr 16, 2014 5:50 PM Flag

    Excellent quarter. I look forward to the analysis. I like phrases like "good outlook into 2015", "improved free cash flow" and "end to our current new-build construction period".
    I give praise when it is earned. Today is such a day.

  • Reply to

    Regarding CC tomorrow morning

    by nysfparachute Apr 16, 2014 10:45 AM
    drwiggin drwiggin Apr 16, 2014 11:12 AM Flag

    It will be interesting if they have positive news. It will just suck if they fail to deliver once more. Oil over $100, roads are packed with cars. China, India, and the developing world love oil. Russia can't be trusted as a supplier of anything other than a few rockets to the space lab. It seems like a company would have to almost try to screw up to flounder, yet management keeps doing it quarter in and out.

  • Reply to

    Great Market day, bad day for NE

    by asheepshdplayr Apr 9, 2014 3:51 PM
    drwiggin drwiggin Apr 9, 2014 4:20 PM Flag

    The articles about the drillers, aside that they are written with the writing skill of a mediocre 9th grader, seem to focus on new rigs and the percentage of new rigs v. old rigs. It comes down to getting the oil out of the ocean. New rigs break down more than the older rigs and seem to be harder to repair. Downtime, downtime and downtime seem to be the Achilles heal of this company. Oil at $100 a barrel and not moving means that day rates are going to stay where they are. NE has to keep the rigs from breaking down, tipping over or whatever else that causes them to not bring oil out of the ocean.

    As for "transparency ", the only thing becoming transparent is my stock account. Still hoping for a change in senior management.

  • Reply to

    JU2000E

    by two_plus_two_is_four Apr 3, 2014 1:33 PM
    drwiggin drwiggin Apr 3, 2014 3:43 PM Flag

    Noble announced plans to report their excuses for further fall in stock price on April 16th. Expect Chairman to come up with new ways of saying "It's not my fault". Should be invigorating.

  • Reply to

    Simplistic View

    by hamdi117 Mar 13, 2014 1:45 PM
    drwiggin drwiggin Mar 13, 2014 4:40 PM Flag

    The proof will be in the "pudding". Let's see them do something that works and then I will change my attitude.

  • Reply to

    Simplistic View

    by hamdi117 Mar 13, 2014 1:45 PM
    drwiggin drwiggin Mar 13, 2014 4:22 PM Flag

    Seriously? Do you work for the company or perhaps the PR firm for the company? NE had a 100% upside years ago when it was trading at $45. Now it has lots debt and an idea for a big spinoff of its old rigs that seems to be a lot of accounting malarkey and hope. The growth in revenue has been coupled with a 40% drop in the share price that no silly dividend increases recoup for 20 years. Missed opportunity after missed opportunity. The world still needs oil, it is at $100 a barrel and dayrates will remain high. Even if there isn't growth, which is impossible because China and India still have billions of people, you still need to bring fresh oil out of the ground.
    The management of this company is horrible. How they can continue to reward themselves for stinking up a sure thing truly must put them at the top of the class for arrogance. The incompetence is blatant. That they have no skin of their own in the game is shameful.

  • Reply to

    52 week low

    by asheepshdplayr Mar 13, 2014 9:53 AM
    drwiggin drwiggin Mar 13, 2014 11:21 AM Flag

    Just another lovely day here with NE. Perhaps they will report that the missing Malaysian airliner ran into one of Noble's Jackups. That would solve 2 mysteries.

  • Reply to

    Insiders Only WIlling to Buy at $0.00

    by neilkrohl Mar 4, 2014 7:59 PM
    drwiggin drwiggin Mar 5, 2014 3:49 PM Flag

    Gotta love it. Not that I wish a thrombosed hemorrhoid on anyone, but if he got one (an I wouldn't feel bad), he can afford the surgery--and his own flowers.

  • Reply to

    Has the feel of a bottom

    by nysfparachute Feb 27, 2014 1:20 PM
    drwiggin drwiggin Mar 4, 2014 2:08 PM Flag

    And it smells like a bottom too. Management doing a lousy job of creating value.

  • Reply to

    this company really is #$%$....operations suck

    by neilkrohl Feb 28, 2014 8:43 AM
    drwiggin drwiggin Feb 28, 2014 9:32 AM Flag

    First want everyone to be safe and no spill. Cant wait to see how board spins this as "Not our fault".

  • Reply to

    even SDRL is green!! NE is a red turd as usual!

    by neilkrohl Feb 26, 2014 2:47 PM
    drwiggin drwiggin Feb 26, 2014 4:53 PM Flag

    Maybe NE has a contagious infection. Perhaps that is why everyone is trying to get away from it.

  • Reply to

    Industry following sdrl model

    by hwan_kwon Feb 25, 2014 10:37 AM
    drwiggin drwiggin Feb 25, 2014 10:55 AM Flag

    I wonder what the "excuse of the day" is going to be today. Again, up one day, down that and then some the next. Gas prices up again. Isn't gas made from oil?

  • Reply to

    Chirp Chirp

    by pismire_03 Feb 18, 2014 10:52 AM
    drwiggin drwiggin Feb 20, 2014 1:27 PM Flag

    You are very funny. To your points:
    1. If I had timed my buys better, I would have bought TSLA last month or PCYC last summer or NFLX last year.
    2. As for charts, they tell you what happened not what is going to happen. The people selling the charts are making more than those using them. Your case may be different, but most traders lose.
    3. As for building value, I don't see it. Please show me some numbers comparing the value of the company now compared to 5 years ago. I would argue the value of this company has gone down rather than up. Most stocks with increasing value tend to go higher in a bull market. Not an expert on that one, but sure seems true.
    4. Management still sucks and the board should step up and replace some of the higher ups. If they don't they should be held accountable and not rewarded.

    Here's a simple math problem. If your dividend goes up $.50/ a share but your stock drops $7/share, is that a good thing? Answer: No, unless you are given a bunch of shares for free.

  • Reply to

    Chirp Chirp

    by pismire_03 Feb 18, 2014 10:52 AM
    drwiggin drwiggin Feb 19, 2014 1:28 PM Flag

    This "bottom" is way lower than it should be. Hapless management.

  • Reply to

    ESV report will be important tomorrow

    by nysfparachute Feb 18, 2014 1:26 PM
    drwiggin drwiggin Feb 19, 2014 1:08 PM Flag

    Sorry to keep harping, but "forming a base" or "room for error" keep giving management a pass on their incompetence. If this stock went from $50 to $40 on a miscue, that would be one thing, but it hasn't hit those levels in years while the market continues to soar. Face it, this isn't retail where tastes change. It is oil and people still need it worldwide. Mistake after "it's not my fault" after all the excuses the board here posts kissing management's butt. I will be mildly positive when NE hits $50 where it should have been years ago, Macondo/Horizon or not.

  • Reply to

    CrSw CC

    by pismire_03 Feb 11, 2014 11:49 AM
    drwiggin drwiggin Feb 18, 2014 10:03 AM Flag

    $2??????. What happened to $4 or $5? Make the payments? Seriously? Thought this company was in business to make "money" rather then to make "payments". Beyond horrible. What a waste.

  • Reply to

    CrSw CC

    by pismire_03 Feb 11, 2014 11:49 AM
    drwiggin drwiggin Feb 13, 2014 4:42 PM Flag

    Pis is good with the numbers. He comes in better than the analysts. However, I don't think he takes management to task enough regarding their errors regarding the balance sheet and keeping the rigs operational. Clearly, the company "making money" is not good enough for the market. Compare the 5 year charts with SLB, HAL, CAM, SDRL and it is not even close--our management sucks.
    http://finance.yahoo.com/echarts?s=ne#symbol=ne;range=5y;compare=slb+sdrl+cam+hal;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;

  • Reply to

    CrSw CC

    by pismire_03 Feb 11, 2014 11:49 AM
    drwiggin drwiggin Feb 11, 2014 2:42 PM Flag

    When exactly do you suppose this living well off starts for investors? Williams and the rest of the officers seem to be living well off the stock. But they don't pay for the shares with their own money, do they?

  • Reply to

    CrSw CC

    by pismire_03 Feb 11, 2014 11:49 AM
    drwiggin drwiggin Feb 11, 2014 12:38 PM Flag

    While this is good news, it would have been better news if the stock was at $40 or $50 a share when it came out. Management just doesn't know how to play the game. They are playing with people's investments and doing it poorly.

NE
30.36-0.01(-0.03%)Apr 17 4:03 PMEDT

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