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Stock Market & Financial Investment News

News Breaks
May 21, 2014
09:31 EDTNENoble Corp. sees Paragon Offshore spin-off to pay dividends
Noble (NE) says its proposed transaction will create a new publicly traded entity, Paragon Offshore, comprising a majority of Noble’s “Standard Specification” fleet, while Noble's high-specification assets will remain with the parent. Noble expects Paragon Offshore to have 34 jackups and 8 floaters with a strong backlog. Noble sees Paragon to pay dividends. The company added that it expects the spin-off, to be done as a dividend of 100% of shares, to be a Q3 event. Information in slides for presentation at Citi's Global Energy and Utilities conference.
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August 25, 2015
18:11 EDTNETranocean tanks after proposing dividend cancellations, peers follow
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August 21, 2015
09:32 EDTNENoble Corp. upgraded to Buy from Accumulate at Global Hunter
Global Hunter upgraded Noble Corp to Buy and lowered its price target to $14 from $16. The firm believes Noble is well positioned to manage through a downturn with strong liquidity and a reasonable valuation.

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