Fri, Dec 19, 2014, 4:01 AM EST - U.S. Markets open in 5 hrs 29 mins

Recent

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

Noble Corp. Message Board

drwiggin 179 posts  |  Last Activity: 14 hours ago Member since: Feb 21, 1999
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    We're rich

    by nestor5125 Dec 17, 2014 12:35 PM
    drwiggin drwiggin 14 hours ago Flag

    Ha, ha. You are funny nestor.

    Sentiment: Strong Buy

  • Reply to

    We're rich

    by nestor5125 Dec 17, 2014 12:35 PM
    drwiggin drwiggin Dec 17, 2014 1:38 PM Flag

    It's a good day for sure. Enjoying it.

  • Reply to

    all of NE customers are cutting back

    by aud802009 Dec 12, 2014 2:20 PM
    drwiggin drwiggin Dec 12, 2014 3:12 PM Flag

    But in the meantime, be conservative with cash. There is time between each one of your "?" for the rebound. Some of the drillships are going to be idle. A more conservative play is to cut the dividend and buy stock or better, hoard cash because we are going to need it when the contracts come up for new bids.

  • drwiggin drwiggin Dec 12, 2014 10:00 AM Flag

    We have had less than "fine" for years. We want better than "fine". We deserve excellence.

    Sentiment: Strong Buy

  • drwiggin drwiggin Dec 12, 2014 9:58 AM Flag

    Hwan, you are right on. Love that you can be ignored but you can't be shut down. The other side can make their points, but your argument is based on current reality than their wishful thinking. Much appreciated.

    Sentiment: Strong Buy

  • Reply to

    Dividend

    by typea1949 Dec 10, 2014 4:11 PM
    drwiggin drwiggin Dec 11, 2014 2:57 PM Flag

    I would say, "welcome to the bad marriage." I would also ask why you are more mad with Hwan than with the directors and managers of this company who are not prepared for this scenario. Hwan has been screaming for sound fiscal policy and so have I, though not as loudly.

    The dividend raise was a bad move, the spinoff was either timed or done poorly, and now the managers over at PGN have taken cash and bought another rig at prices that would have been considered in a good market, but definitely too high in this one.

    Some day this will be a good investment, but my hope is Williams will be gone before that happens. From what I have seen under his "leadership", it won't be one until he and his CFO are gone. I keep reading about the "talkers" and the "numbers", but the main number is the stock price and it is in the toilet. Saying it happened to all the oil companies doesn't make me feel any better or the managers less responsible.

    I'm here for the next several years but I expect to be rewarded for my patience. If it means holding the dividend to keep the company going, I'm fine with that.

  • drwiggin drwiggin Dec 11, 2014 11:19 AM Flag

    Keep going Hwan. You see reality while most cling to magical thinking.

    When you run a business well, you prepare for hard times and adapt when they come. Present management isn't set up for this.

    Sentiment: Strong Buy

  • drwiggin drwiggin Dec 9, 2014 1:13 PM Flag

    ANF CEO leaving and stock is up big today. Dare to dream.

  • Reply to

    Just doubled up my position.

    by billhlikey94 Dec 8, 2014 1:35 PM
    drwiggin drwiggin Dec 8, 2014 5:40 PM Flag

    I'm angry.

  • Reply to

    Just doubled up my position.

    by billhlikey94 Dec 8, 2014 1:35 PM
    drwiggin drwiggin Dec 8, 2014 4:41 PM Flag

    I can hold anyone I want accountable. They authorized the building of the drillships. We could have had a cash hoard instead of a pile of debt. If they aren't responsible, then why are they getting paid so much? If it was so easy, anyone could do it. They are either not accountable and put a monkey in their position or are responsible and should be relieved of their jobs.

    First question I would ask at the meeting to both CEO and COB is: "How do you continue to hold your job when value of company has dropped so far under your watch?"

  • Reply to

    Just doubled up my position.

    by billhlikey94 Dec 8, 2014 1:35 PM
    drwiggin drwiggin Dec 8, 2014 2:31 PM Flag

    Seems like some company posters have brought the PR to our board.

  • Reply to

    only a fool would listen to the longs here

    by aud802009 Dec 2, 2014 2:07 PM
    drwiggin drwiggin Dec 5, 2014 1:11 PM Flag

    Holy mackerel, we went green. Take a picture.

  • Reply to

    only a fool would listen to the longs here

    by aud802009 Dec 2, 2014 2:07 PM
    drwiggin drwiggin Dec 5, 2014 9:24 AM Flag

    You have more patience than I do for the management. As for Williams' purchase of stock, if the amount of stock purchased correlated with a job at NE, I would be in middle management at NE. I'm sure Brady Hoke made some contributions to UM with his coaching salary too. He is rightly out of his job. I'm not asking Williams to give up his shares on the way out; he can keep those while he suffers with us.

    Just because we are in a sector, doesn't mean we have to all be losers. Someone or some company could have bucked the trend. In the oil services field, SLB went up before it went down so the downward wasn't so bad. NE went down and continues to go down further.

    UBS isn't a discounter, but it still took an extra day for the share transfer/spinoff to hit my account resulting in an immediate 25% loss; the rest of that story continues to get uglier daily.

    I probably passed by you more than once in the diag or at the big house. Hail to the Victors.

    Sentiment: Strong Buy

  • Reply to

    only a fool would listen to the longs here

    by aud802009 Dec 2, 2014 2:07 PM
    drwiggin drwiggin Dec 4, 2014 1:40 PM Flag

    I was not offered the choice of owning both PGN and NE. I had hitched my wagon here a long time ago and have been a suffering long for years. I don't want that much of a loss; it's big. I never expected a free lunch. PGN was thrust on me. By the time, it had made it into my account where I could sell it, it was already down 25%. Who knew it would drop another 67%? I did get out of it in one of my accounts. I still don't know or agree with that spinoff. If it was good, why spin it off. 2 administrations doubling your useless salaries. If it was bad, why make NE shareholders take it? Sell it or scrap the rigs.

    As for comparisons with other drillers, I haven't ever considered one of the other ones except in a short position. Despite Motley fool pumping SDRL, that debt hog was an accident waiting to happen. Not so sure about RIG or DO.

    As for the dividend, I will take it, but with things going the way they are, do you seriously think it is safe?

    As for why I'm complaining, I would ask you why you aren't complaining? Are you like our useless board who doesn't question the mismanagement and direction of the company? I'm from Michigan where they just fired the college football coach for lack of success. We've had multiple Pistons coaches and Lions coaches during the same tenure that Williams has had at NE. They were fired for good reason. Williams has plenty of reasons to be out. You should be with me making a stink about it instead of "turning the other cheek".

  • Reply to

    only a fool would listen to the longs here

    by aud802009 Dec 2, 2014 2:07 PM
    drwiggin drwiggin Dec 3, 2014 3:32 PM Flag

    That is illogical. Instead of being a leader, management chose to follow. Instead of hoarding cash, management chose to build and pay a dividend. They could have bought new rigs out from under their competition who are now cash hungry. Instead of retiring older rigs, they dumped them on their shareholders in the form of a spinoff. Fire the COB, fire the COO, fire the CFO.

  • Reply to

    HELP!

    by hwan_kwon Dec 2, 2014 3:25 PM
    drwiggin drwiggin Dec 2, 2014 4:00 PM Flag

    They should be fired. BOD are useless. They should withhold their payments; it would be better if they didn't show up for any meetings for all the #$%$ they have thrust on the shareholders. Bad decision after bad decision for years.

  • Reply to

    any one think NE will cut its divident

    by guberpedro Dec 1, 2014 9:04 PM
    drwiggin drwiggin Dec 2, 2014 2:39 PM Flag

    Agreed. I've been saying the same thing for a while.

  • Reply to

    Another presentation at another conference

    by drwiggin Nov 25, 2014 6:00 PM
    drwiggin drwiggin Nov 26, 2014 3:04 PM Flag

    I have been waiting for more than 10 years for them to "come out of this strong". They keep finding a way to screw it up.

    At this point, there doesn't seem to be anything different that they can say that will help. SDRL showed today that cutting the dividend is another 20% haircut on the stock. Obviously, they have to keep the company afloat. This means unplanned downtime has to be kept to a minimum and efforts to maintain contracts and get new ones are of prime importance. Service and being the best company out there still can work. The economy needs oil and drillers are going to drill for it. This drop in oil prices is going to slow down the frackers even worse that the offshore people.

    Somebody should be a scapegoat for this. Self-described brilliant moves by our leadership is turning more into "the emperor has no clothes". The COB, Williams--out. The CFO, Maclennan--out. Marketing and Contracts guy, Johnson, see what you are made of in tough times or get the f out too. The board is a joke. They must all have busted arms, no voices of dissent and limited brainpower. Amazing how mediocrity rises. I consistently vote against everything they do and all their nominees and I encourage you all to do the same. Token gesture, but whatever. I would not feel bad if they all got kidney stones or gout.

    For me, I figure it will take 10 years to get my money back with just the dividend--I didn't get free shares like the BOD does. Any rise in the stock would be nice, but clearly this is low-range-bound for the next 1-2 years.

  • Going to these conferences doesnt seem to be too helpful to the company. Perhaps they should politely decline. They have not served to stabilize the price of the stock. Listening to the "wall streeters" just keeps getting them (and us) in more trouble with a lower stock price.

  • Reply to

    Q4 Earnings Earnings Forecast

    by endeend88 Nov 20, 2014 5:43 PM
    drwiggin drwiggin Nov 21, 2014 2:11 PM Flag

    Have you ever tried to get out an apartment rental lease or a business office lease? Have you seen your rent go down? Maybe I should move there. In regard to your point about engineers, the rate of the equipment would seem to be way higher than the cost of personnel. The wiggle room shouldn't account for that much in daily rate changes.

NE
17.01+0.61(+3.72%)Dec 18 4:02 PMEST

Trending Tickers

i
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.