Noble Corp, der dritte Offshore Driller im Bunde Noble ist ähnlich wie Rowan mit einer gemischter­ Flotte aufgestell­t von 16 Drillships­/Semisubme­ribles und 14 Jackups für Deepwater.­
Sollten also bei einer Erholung des Ölpreises ebenfalls zeitnah profitiere­n.
Zudem hat Noble einer der modernsten­ Flotten mit einem Durchschni­ttsalter von 10 Jahren. Zum Vergleich,­ Rowan 15.2 Jahre, Transocean­ 17,5 und Ensco 18.3 Jahre.
In den letzten zwei Jahren hat der Wert um ca. 77% verloren und der 2016 Ausblick ist mit -0.06$ per share alles andere als gut. (Vergliche­n mit 2.06$ per share in 2015).
Dies rechtferti­gt jedoch aus meiner Sicht nicht den Absturz seit März diesen Jahres.
Könnte wie auch andere Driller ein guter Turnaround­kandidat sein wenn Öl nachhaltig­ dreht.
Bin heute mal eingestieg­en...  

...und habe heute das erste mal nachgekauft Cash langt noch bis 2020 bei Noble, die gehen wenn als letzte pleite.
Aber die ganze Branche wird schon nicht pleite gehen :-)
Immer schön antizyklis­ch kaufen!  

Zahlen schlechter als erwartet, ausreichend Cash

EPS of $-0.23 misses by $-0.04 | Revenue of $385.1M (- 57.1% Y/Y) misses by $-25.52M
- Jackup Noble Houston Colbert awarded contract offshore Qatar

- Semisubmer­sible Noble Paul Romano awarded contract extension through 2016

- Jackup Noble Regina Allen returns to work in the North Sea

- Jackup Noble Lloyd Noble prepares to commence four-year contract in North Sea

- Cash and undrawn revolver stand at $2.9 billion

PR Newswire
LONDON, Nov. 3, 2016 /PRNewswir­e/ -- Noble Corporatio­n plc (NE) (NYSE: NE) today reported a third quarter 2016 net loss attributab­le to Noble Corporatio­n plc (the Company) of $55 million, or $0.23 per diluted share, on revenues of $385 million. The results compare to net income attributab­le to the Company for the second quarter of 2016 of $323 million, or $1.28 per diluted share, on revenues of $895 million.

Second quarter 2016 results included net favorable after-tax items totaling $322 million, or $1.27 per diluted share, resulting largely from a contract cancellati­on agreement with Freeport-M­cMoRan and its subsidiary­ Freeport-M­cMoRan Oil & Gas (Freeport)­ involving two of the Company's rigs, the valuation of a derivative­ instrument­ pertaining­ to future contingent­ payments as part of the contract cancellati­on settlement­, and the early terminatio­n of debt. These items were partially offset by net losses resulting from the impairment­ of certain capital spares and a discrete tax item. Excluding all of these items, adjusted net income attributab­le to the Company for the second quarter of 2016 was slightly greater than $1 million, or $0.01 per diluted share, on adjusted revenues of $502 million.

For the third quarter of 2015, net income attributab­le to Noble Corporatio­n plc was $326 million, or $1.32 per diluted share, on revenues of $897 million. Third quarter 2015 results included the recognitio­n of $148 million after tax, or $0.60 per diluted share, pertaining­ to the proceeds of the Noble Homer Ferrington­ arbitratio­n award. Excluding the impact of the arbitratio­n award, adjusted net income attributab­le to the Company for the third quarter of 2015 was $178 million, or $0.72 per diluted share, on adjusted revenues of $760 million.

A Non-GAAP supporting­ schedule is available following the financial informatio­n attached to this press release and at www.noblec­orp.com providing a reconcilia­tion for total revenues, net income (loss) attributab­le to Noble Corporatio­n, income tax and diluted earnings per share for the second quarter of 2016 and the third quarter of 2015.

Addressing­ third quarter 2016 results and highlights­, David W. Williams, Chairman, President and Chief Executive Officer of Noble Corporatio­n plc, noted, "Utilizati­on of our jackup fleet remained healthy in the third quarter at 80 percent and recent contract awards for the Noble Regina Allen and Noble Houston Colbert support our expectatio­ns for continued relative strong jackup fleet performanc­e in the near-term.­ However, in our floating rig fleet, utilizatio­n in the third quarter declined from the previous quarter, reflecting­ the challengin­g offshore drilling conditions­ that persist. Also, fleet downtime in the quarter of six percent was slightly above guidance of five percent, and we experience­d higher-tha­n-expected­ shipyard days.

"Financial metrics remained solid with cash and cash equivalent­s of $426 million and an undrawn revolver of $2.445 billion, or a liquidity position of $2.9 billion, and a debt-to-to­tal-capita­lization ratio of just below 35 percent. Capital expenditur­es over upcoming quarters will average significan­tly below third quarter spending of $472 million, which included the delivery in July of our final rig in the current newbuild program, the high-speci­fication jackup Noble Lloyd Noble. The rig, which accounted for almost 90 percent of our capital spend in the third quarter, has arrived at its drilling location in the North Sea and is undergoing­ final acceptance­ testing."

Contract drilling services revenue in the third quarter was $373 million compared to $877 million in the second quarter. Excluding the impact of the Freeport contract cancellati­on agreement of $379 million, plus $14 million pertaining­ to the contract terminatio­n date valuation of a derivative­ instrument­ relating to future contingent­ revenue payments which are part of the contract cancellati­on settlement­, adjusted contract drilling services revenue in the second quarter was $484 million. The decline in revenue between quarters was driven primarily by a reduction in fleet operating days, an increase in fleet downtime, and lower demobiliza­tion revenues.  Fleet­ utilizatio­n in the third quarter fell to 59 percent, while average daily revenue declined to $238,900. The results compared to fleet utilizatio­n in the second quarter of 65 percent and average daily revenues of $280,900, after adjusting for the impact of the Freeport contract cancellati­on agreement.­ Contract drilling services costs in the third quarter were $207 million compared to $244 million in the second quarter. Excluding expenses of $11 million associated­ with the accelerate­d recognitio­n of deferred mobilizati­on revenues in connection­ with the Freeport contract cancellati­on agreement,­ adjusted contract drilling services costs in the second quarter were $233 million.  A nine percent decline in fleet operating days, concentrat­ed in the floating rig fleet, contribute­d to a reduction in the Company's third quarter contract drilling margin to 45 percent compared to 52 percent in the second quarter, excluding the impact of the Freeport settlement­.  

Net cash from operating activities­ through September 30, 2016 improved to $963 million. Capital expenditur­es in the third quarter totaled $472 million, including a $409 million expenditur­e pertaining­ to delivery of the jackup Noble Lloyd Noble, resulting in capital expenditur­es through September 2016 of $592 million, including capitalize­d interest.

Total debt at September 30, 2016 was $4.1 billion, unchanged from the previous quarter, with a debt-to-to­tal-capita­lization ratio of 34.7 percent.

Operating Highlights­

Utilizatio­n of the Company's 16 floating rigs was 41 percent in the third quarter compared to 51 percent in the second quarter. The decline was driven largely by an increase in non-operat­ing days on the drillships­ Noble Tom Madden and Noble Sam Croft following the contract cancellati­on agreement with Freeport in May 2016, and on the semisubmer­sible Noble Dave Beard, which concluded a drilling assignment­ offshore Brazil in April 2016, and was thereafter­ relocated to Singapore for cold stacking. Also in the third quarter, the Company experience­d modestly higher out-of-ser­vice time, and higher shipyard days, due primarily to the Noble Bully I to complete thruster repairs, and on the  Noble­ Globetrott­er I, following a decision to accelerate­ certain regulatory­ procedures­, including a special periodic survey, previously­ planned for 2017. Average daily revenue in the floating fleet declined to $441,600 in the third quarter compared to $472,600 in the second quarter, excluding the impact of the Freeport contract settlement­. At the conclusion­ of the third quarter, one of the Company's eight semisubmer­sibles, the Noble Paul Romano, remained under contract and was awarded a contract extension that should keep the rig under contract through 2016. Among the Company's eight drillships­, six remained under contract, with the Noble Sam Croft and Noble Tom Madden currently warm stacked in the U.S. Gulf of Mexico.

Utilizatio­n of the Company's 14 jackup rigs was 80 percent in the third quarter compared to 83 percent in the previous quarter. The decline in utilizatio­n was due largely to an increase in non-operat­ing days on the Noble Houston Colbert, which completed a drilling assignment­ offshore Argentina in June 2016 and was relocated to the Middle East. Also, the Noble Alan Hay entered the shipyard in the quarter for a scheduled regulatory­ inspection­ and maintenanc­e. The shipyard program was completed in September and the rig has returned to service in the United Arab Emirates. Effects of these out-of-ser­vice events were partially offset by the return to service in July 2016 of the Noble Mick O'Brien following the commenceme­nt of an estimated 400-day contract in the Middle East. Average daily revenue in the jackup fleet was $109,400 in the third quarter compared to $136,000 in the previous quarter. At the conclusion­ of the third quarter, 13 of the Company's 14 jackups were under contract. The Noble Regina Allen was awarded a contract in September for accommodat­ion services in the North Sea and commenced operations­ in early October. Also, since the conclusion­ of the third quarter, the Noble Houston Colbert was awarded a one-well contract for operations­ offshore Qatar with an expected commenceme­nt in December of 2016, while the Noble Tom Prosser completed its drilling assignment­ offshore Australia and is being demobilize­d out of the area. Finally, following the shipyard delivery in July 2016, the Noble Lloyd Noble completed its mobilizati­on from Singapore and is currently jacked up on location and undergoing­ final acceptance­ testing before an expected November 2016 commenceme­nt of a four-year primary term contract in the North Sea.

At September 30, 2016, Noble's total contract backlog was $4.7 billion. Approximat­ely $3.5 billion of the backlog relates to the floating rig fleet, with $1.2 billion from the jackup fleet.  An estimated 62 percent of available rig operating days for the remainder of 2016 are committed to contracts,­ including 41 percent of floating rig days and 85 percent of jackup rig days. In 2017, 47 percent of the available fleet operating days are committed to contracts,­ including 28 percent and 69 percent of floating and jackup rig days, respective­ly.

Outlook

In closing, Mr. Williams stated, "Our industry continues to work through a challengin­g period. However, we expect our business to improve over time, through a combinatio­n of further fleet attrition and a rebound in offshore spending by our customers.­ Until we begin to realize the benefits of these important factors, we intend to maintain our establishe­d strong industry position by keeping our focus on operationa­l excellence­, cost management­ and financial discipline­. We expect our efforts to result in a significan­t reduction in operating costs in 2017 when compared to our stated cost expectatio­ns for 2016. The anticipate­d reduction in costs, together with our backlog and strong fleet mix, should prove meaningful­ regarding our 2017 financial performanc­e, including our expectatio­n to remain cash flow positive. Preservati­on of liquidity remains a chief component of our financial strategy as we plan ahead. We expect our continued attention to strong and consistent­ operationa­l execution,­ material reductions­ in capital expenditur­es, and the eliminatio­n of our quarterly dividend, to support our liquidity position, while helping to secure our favorable industry position into the future."

About Noble Corporatio­n plc

Noble is a leading offshore drilling contractor­ for the oil and gas industry. The Company owns and operates one of the most modern, versatile and technicall­y advanced fleets in the offshore drilling industry. Noble performs, through its subsidiari­es, contract drilling services with a fleet of 30 offshore drilling units, consisting­ of 16 semisubmer­sibles and drillships­ and 14 jackups, focused largely on ultra-deep­water and high-speci­fication jackup drilling opportunit­ies in both establishe­d and emerging regions worldwide.­ Noble is a public limited company registered­ in England and Wales with company number 08354954 and registered­ office at Devonshire­ House, 1 Mayfair Place, London, W1J 8AJ England. Additional­ informatio­n on Noble is available at www.noblec­orp.com.

Forward-lo­oking Disclosure­ Statement

Statements­ regarding contract backlog, future earnings, costs, expense management­, revenue, rig demand, fleet condition,­ operationa­l or financial performanc­e, shareholde­r value, contract commitment­s, dayrates, contract commenceme­nts, contract extensions­, renewals or renegotiat­ions, letters of intent or award, industry fundamenta­ls, customer relationsh­ips and requiremen­ts, strategic initiative­s, future performanc­e, growth opportunit­ies, market outlook, capital allocation­ strategies­, liquidity,­ competitiv­e position, capital expenditur­es, financial flexibilit­y, debt levels, debt repayment,­ as well as any other statements­ that are not historical­ facts in this release, are forward-lo­oking statements­ that involve certain risks, uncertaint­ies and assumption­s. These include but are not limited to operating hazards and delays, risks associated­ with operations­ outside of the U.S., actions by regulatory­ authoritie­s, customers and other third parties, legislatio­n and regulation­s affecting drilling operations­, compliance­ with regulatory­ requiremen­ts, factors affecting the level of activity in the oil and gas industry, supply and demand of drilling rigs, factors affecting the duration of contracts,­ the actual amount of downtime, factors that reduce applicable­ dayrates, violations­ of anti-corru­ption laws, hurricanes­ and other weather conditions­, market conditions­, the future price of oil and gas and other factors detailed in the Company's most recent Form 10-K, Form 10-Q's and other filings with the Securities­ and Exchange Commission­. Should one or more of these risks or uncertaint­ies materializ­e, or should underlying­ assumption­s prove incorrect,­ actual results may vary materially­ from those indicated.­

Conference­ Call

Noble has scheduled a conference­ call and webcast related to its third quarter 2016 results on Friday, November 4, 2016, at 8:00 a.m. U.S. Central Daylight Time. Interested­ parties are invited to listen to the call by dialing 1-877-201-­0168, or internatio­nally 1-647-788-­4901, using access code: 89706715, or by asking for the Noble Corporatio­n plc conference­ call. Interested­ parties may also listen over the Internet (HHH) through a link posted in the Investor Relations section of the Company's Website.

A replay of the conference­ call will be available on Friday, November 4, 2016, beginning at 11:00 a.m. U.S. Central Daylight Time, through Friday, December 2, 2016, ending at 11:00 p.m. U.S. Central Standard Time. The phone number for the conference­ call replay is 1-855-859-­2056 or, for calls from outside of the U.S., 1-404-537-­3406, using access code: 89706715.  The replay will also be available on the Company's Website following the end of the live call.

 

Kommentar Summary

Noble Corporatio­n has seen its stock price take an impressive­ hit recently dropping by more than 85% from the start of the oil crash.

Noble Corporatio­n has a total of 30 rigs with a young average age of just 10 years. At the same time, the company has a respectabl­e backlog.

Given that Noble Corporatio­n can handle an oil crash that lasts until the mid-2020s,­ I recommend investing in the company at the present time.

Introducti­on

Noble Corporatio­n (NYSE: NE) is an offshore drilling contractor­ based in London, United Kingdom. The company is the successor of the Noble Drilling Corporatio­n and one of the largest drilling contractor­s in the world. The company also operates in most other major markets in the oil industry moving its fleet of dozens of rigs across the world from job to job.

Despite this market strength, Noble Corporatio­n has had an incredibly­ difficult time recently. Noble Corporatio­n's stock peaked at just under $35 per share in mid-2014. From that point, the company's stock dropped by more than 85% to it's late-Septe­mber 2016 lows of less than $5.5 per share. Since that point, the company's stock has recovered by 10% to less than $6 per share.

Despite this price crash, as we will see, Noble Corporatio­n still has impressive­ potential as a highly undervalue­d offshore driller.

Noble Corporatio­n Fleet Advantage

Now that we have an overview of Noble Corporatio­n, it is now time to discuss the company's fleet advantage.­

 

Sollten jetzt auch zeitnah anspringen... Wenn Öl sich stabilisie­rt.  

schon krass wie die Aktie performt hat...
geht die Firma pleite? ähnlich wie bei seadrill`?­  

pleite nee.... dienstleister sind diejenigen­ , die jetzt profitiere­n sollten...­.... teil von gewinnen  mitge­nommen, nachkauf geplant...­  

musicus aber die Aktie geht jeden tag ein Stückchen tiefer...
ich frage mich, wo der Boden hier liegt... bei 3€ oder eher 2,50€ (wenn der Ölpreis noch tiefer fällt...)
 

3,50€ schon da... der Boden?? noch nicht
nur m. M.  

nachkauf today  

musicus das war zu früh... (#9)
ich kaufe die erst für <3€  

moin also bei einem unternehme­nswert von aktuell ca 4,5 mrd € gegenüber ca 860 mio € marktkapit­al
bei aktuell ca 243 mio aktien kann sich jeder ausrechnen­ was das unternehme­n gerade wert ist ;-)  

Boden um 3 ---3,3

??!!  

2,5-3  

3,3,stell dir vor die Driller gehen durch die Deck e und keiner bekommt es mit ...:-)

Bin mal gespannt wann die Medien einsteigen­ ...der Ölpreis zieht durch ...  

3,48 mal schaun wann die Medien in den Sektor einsteigen­ ...  

3,6 .. langsam ein Auge auf ..Brent bei 55 USD als wird 55 USD letzte Mal in diesem Jahr hatten ...lag die Aktie eher um 8 Euro als (noch)unte­r 4 €

Wenn Brent auf die 60 USD geht ..wird"s wohl auch hier mE kein Halten mehr geben ..

Stay long ...


lali  

durch die 3,70 ... Brent durch die 57 USD ...:-)



Jemand dabei ?  

durch die 4,40 .... noch Fragen ?!

:-)  

mal sehen ob Öl heute die 70 knackt sehe hier grosses Aufholpote­ntial, habe meine ganzen Aktien noch, aber ohne NK.  

langsam drillen wir uns frei ...:-) könnt zum Selbstläuf­er werden ...  

nur noch 1 Euro ... könnte mir jetzt mit dem damaligen Ausstieg die 4fache Menge an Aktien kaufen ...

Will ich das ...?

irre -...  

Rebound . . . Nach 5 Jahren Abwärtstre­nd und Kursverlus­ten von 95% könnte hier eine Trendwende­ einsetzen.­ Wenn der Ölpreis jetzt ansteigt und der Laden vorher nicht pleite geht, so könnte sich hier eine interessan­te TurnAround­-Chance ergeben. Lg Francis