Noble Corp (NYSE:NE)

Offshore drilling is in the news, and a necessity.

get in deep and go underwater in Noble. Deep offshore drilling is unlikely to go away anytime soon, and these guys are solid major players.

Category Leader
Mexico (Pemex) and Brazil (PBR)
Great value story
"Alternative" investment money has been shaken out of this business, rig prices should be firm for the forseeable future.

5

The supply of oil is going down and this company is undervalued compared to its peers. I don't know why, because it has better financials and great growth up ahead.

I am shorter term (about a year) with them because I have no idea what oil is going to do, haha.

Holding off on a real-money investment in expectation of a correction in oil, but Deep Water Drilling is going to be a big deal as the Middle East oil supply declines. NE in particular out of that industry seem to be on a tear, and still undervalued.

This company is one of 62 listed on the BetterInvesting Growth Screen in January 2008. It met 4 criteria: it is projected by Value Line to double earnings in the next five years, has actually doubled earnings in the past 5 years, is selling at price-earnings multiples (P/E’s) that are 110 percent or less of Value Line’s projected earnings growth rate and has a safety rating of average or better. It was listed in the March 2008 BetterInvesting magazine.

Second largest high performance deepwater driller. Has commitments for many years. A major provider to the growing Brazilian market.

The ability to provide deep water drilling services is critical at this time. NE's return on equity is excellent at 33%+. For a company who must continually make plant and equipment investments, it has a debt to equity of .16 which I love and its net profit margin is above 40%.

As long as there is more demand for oil than supply, Noble will be a driller worth owning.

It's not getting any easier to drill, and won't.

Supply of oil is expected to peak - leading to higher oil prices (assuming demand is still constant) and increased activity for oil exploration and drillers. Noble is well positioned to take advantage with its fleet of deep sea drillers and submersibles.

Hmmmn, declining global oil production, at least at mature fields, increasing demand, and a drilling rig operator that is seeing unprecedented demand and revenues.

Very good deep water oil drilling company. Awarded safest equipment award. Has a 4.5 billion dollar contract with Brazil to drill for oil off the coast. It is a very profitable company with high ROI, ROA. and ROE. Great fundamentals

Deep water rigs are being taken off the market by Petrobras, India is pushing for exploration of their deep water tracts and China too has deep water to develop in their goal of being oil self sufficient. Then we bring in Mexico's oil problem, about 9 years of reserves left, decreasing production from existing wells and rising demand.

Deep water rigs are going going gone!

good because oil and gas

drilliong can only go up! its a player

Off shore drilling is the place you want to be. Wait for a pull back to buy (hopefully) with 4 week target of $80..

With Oil prices on the rise and Rest of World Demand not showing any signs of a slowdown, any of the drillers are a good play, but particularly NE. They have tremendous growth and are incredibly cheap. They are a good company with good fundamentals as well. I would reccommend NE on any pull back.