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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (38192)	6/6/2010 9:04:41 PM
From: Grantcw	Respond to of 78478

Thanks for the ideas. I picked up a decent-sized position in FEZ recently so I kind-of own TOT and E already. :) I like the ideas as you'd think that of all European companies, the oil and gas companies would be least affected by a demand drop in Europe (if it was just in Europe). Valuations look pretty good too though. I may pick up a larger position in E. I will think about NOV and NE, though I think the long-term play is better in producers rather than drillers, but I do see your reasoning. As I'm diversifying my investments, I may go that direction also. Thanks, cwg

To: Spekulatius who wrote (38192)	6/7/2010 11:49:37 AM
From: Kapusta Kid	Respond to of 78478

re NOV, this link may be of interest. The author, however, is no oil/energy specialist. seekingalpha.com While I admit to being seduced by NOV's strong FCF growth and its decent balance sheet, I am a bit put off by the continued share dilution, though shareholder equity has grown significantly despite it. I'm not convinced of any DEEP VALUE at current prices.

To: Spekulatius who wrote (38192)	6/27/2010 2:42:58 PM
From: Grantcw	Respond to of 78478

As another follow-up, I picked up a position in E and I'm going to pickup a position in NE on Monday. My guess is that the 6-month drill-stoppage isn't going to be a complete stoppage at this point with all of the legal back and forth. Both stocks are at least within range of their March 2009 lows, which is also attractive to me from a support perspective. Thanks, cwillyg

To: Spekulatius who wrote (38192)	6/28/2010 9:24:58 AM
From: E_K_S	Read Replies (1) \| Respond to of 78478

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