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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (38374)6/28/2010 3:44:58 PM
From: Spekulatius   of 78744
 
re NE - it seems like NE paid a very reasonable price for Frontier. i remember a while ago, that drillships were going for almost 500M$/piece. So i do not think they paid a huge premium over book value here.

Obviously they choose a good time to make an acquisition for a fair price. the joint venture with Royal Dutch inherited with the acquisition is also interesting, and may open up another growth avenue.
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