+ Watch NE
on My Watchlist
The Company is a provider of diversified services for the oil and gas industry.
100% average dividend growth over last three years.
2013 TP $55
Looking at immense growth for FY2012. Based on future estimates and projections, this is pretty undervalued and should make a good deal for the coming year.
A return to normalcy in 2012 with $3.5-4 EPS expected. Slight misses on their last couple quarters but even at the low end of analyst expectations NE should outperform the market in the next year.
This pick was a bummer. I have no idea what I was thinking.
Good Value for a oil company with strong balance sheet.
Solid company, strong balance sheet and growth prospects.
World will need more oil with emerging economies increasing demand. Many new discoveries are deep see in GOM, off Brazil, and off Africa requiring drilling expertise. NE is keeping their fleet fresh by adding both new deep water drill rigs and shallow water jack up rigs. GOM drilling licenses are beginning to be issued after the moratorium.
Deepsea drillers are A.L.L. a five-year secular buy.
I've owned this for 4 years and keep adding on when the price is low. Great stock.
Technicals and historical fundamentals
Gulf spill wasn't their fault, but their stock had to pay the price? Silly. They are undervalued now.
I bought into NE because it was a top pick resulting from applying a set of filters emphasizing dividend return, payout, and low p/e. After 23 years of mostly losing my butt, I've finally come to realize that a consistent positive return can be obtained using these criterion. I had a 35% return this past year. It would have been better, but I'm too chicken to reorganize my loss leader portfolio. My main portfolio did around 50%.
Nat gas will eventually be our primary energy source in the US. We have lots of recoverable reserves for effecient operators to tap. NE is simply the cheapest place to wait for the inevitable
Long term exploration expansion. Good PE
Good growth and earnings.
It has new equipment, adequate capital, experience and is one of the few drillers to engage in very deep offshore drilling.
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