NE, Noble Drilling Message Board

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Gold/Mining/Energy : NE, Noble Drilling

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To: Lucretius who wrote (124)	11/17/1997 5:50:00 PM
From: Czechsinthemail	Read Replies (1) of 301

Another strong day for NE--up 4% on substantial volume. With many other drillers treading water, it looks like some money is finding its way to NE. In addition to the EVA conversion, this quarter's earnings should be very strong. For those who haven't seen it, Noble's website has a lot of information about rigs, including their contracts & dayrates. When you see how many are turning over this quarter and in the near future and how much higher current dayrates are, you can get a sense of how strong the revenue and earnings increases are likely to be. noblecorp.com Baird

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