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Noble Corp. Message Board

petermuyo 3 posts  |  Last Activity: May 20, 2014 3:40 PM Member since: Jan 23, 2008
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  • Reply to

    How does the spin off work exactly?

    by petermuyo May 19, 2014 1:01 AM
    petermuyo petermuyo May 20, 2014 3:40 PM Flag

    LOL, that's part of the problem.

    What I'm probably going to do is simply sell everything the day before and then decide what exactly I want to invest in. As many have said, there is too much uncertainty about how this will play out and the value of Paragon..and I don't generally like things I can't understand!

  • petermuyo by petermuyo May 19, 2014 1:12 AM Flag

    For the people with a lot of knowledge about the off sea drillers, is there a benefit in investing with NE and not SDRL? It seems like SDRL has a lot more debt driving the construction of their new rigs (and they have more of them), but after NE completes its spin off the companies have a somewhat similar fleet (that is, young and advanced).

    Because of SDRLs huge dividend and both companies prospects for long term growth, I'm tempted to move a large amount of my investment from NE to SDRL. Anybody have clear opinions as to why/why not this is a good idea? My investing strategy is to buy and hold, and periodically add a bit more. It hasn't worked out well since I bought NE in 2008, and now I'm thinking of a switch to perhaps a more volatile company with possible greater windfall!

  • I keep seeing information about the spinoff being returned to shareholders as "100% dividend" - does this mean than instead of equity in the new company we are getting the total value of the spin off divided by the number of shares?

    I've only experienced one other spin off, in which I was given equity in the new company, and that's what I expected here but calling it a dividend is confusing!

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