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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (38192)	6/28/2010 9:24:58 AM
From: E_K_S	Read Replies (1) of 78744

RE: Noble Corp. (NE) Noble buys Frontier Drilling for $2.16B Noble buying Frontier Drilling for $2.16 billion, strikes deals with Shell in Gulf finance.yahoo.com From the article:"...Noble Corp. said Monday it will buy Frontier Drilling for $2.16 billion in cash and struck $4 billion worth of new contracts with Royal Dutch Shell.... The agreements with Shell cover two ultra deepwater projects and are subject to closing the deal with Frontier. The Frontier deal would add six floating drilling units to Noble's fleet. Shell will pay reduced fees for leasing the rigs in the Gulf..." ====================================================================== Seems like a Win-Win for everybody. NE gets more contracts & Shell gets reduced day rates for rigs in Gulf. EKS

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