pprimo

Bolt a Buy, Noble Grows Profit and Margins

Nice, overlay of charts shows the gap with GSF/RIG closing quickly.

up 6% in one day. Now, just waiting for buybacks to kickin. Maybe that was a contributor to today's action.

IEZ: Schlumberger's Weak Earnings Call Sector Valuation Into Question

your talking about GOM weakness? But the drillers are saying they are "pleasantly surprised" by the upturn in GOM business. GOM has been lagging badly for some time. The fact is, GOM is world class field that has not receive the attention it deserves. The recent highly successful lease auction shows there is intense interest in this proven lower risk play.

I'm in the camp of GOM's weakness is an opportunity in a big way at 100.00 oil. And international companies will be the main players. Think about buying rigs and services with the US dollar in the toilet. GREAT ROI, risk/reward.

Bolt a Buy, Noble Grows Profit and Margins

Look for Noble to establish a new upleg in price after a long consolidation. One catalyst for this will be the resumption of share buybacks due to start around the time of the release of the 10-Q as stated by Bill Sears in the conference call.

My target for this next upleg should bring the price to 63-67. The questions surrounding the CEO's abrupt departure have been addressed. That was holding the stock down, creating a divergence with RIG/GSF that I expect to close. The drillers have held up well in a tough tape even increasing several points during several hundred point drops. I like what I see.

Oil collapsing is the most worriesome aspect here. Although the market is increasing realizing that these long terms contracts are not dependent on the price of oil. The costing of the drilling projects by the customers are done on 43.00 oil.

With the Major Oil companies production declining, they are expected to more aggressive in the drilling programs to help replace the increasing losses of access to NOC's reserves.

Noble Corporation: Poised for a Jump

Hey dude, Noble Energy (NBL) and Noble Corp (NE) are not the same company. Noble Corp (NE) did not discover a well in cameroon and will never be reflected in the price of Noble Energy. Please don't post items when you do not have the facts correct.