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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.
News For NE From The Last 14 Days
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September 17, 2014
13:33 EDTNENoble Corp. downgraded to Hold from Buy at Societe Generale
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September 9, 2014
07:18 EDTNEStephens to hold an investor trip
Energy: Oilfield Services Investor Plane Trip travels throughout Texas and Oklahoma on September 9-10.
September 4, 2014
12:57 EDTNENoble Corp. sees stock currently trading at or below tangible book value
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12:50 EDTNENoble Corp. does not rule out possible MLP structure, will continue evaluation
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12:48 EDTNENoble Corp. considering increased buybacks and possible dividend raise
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12:20 EDTNENoble Corp. sees change in Brazil government to loosen up rig procurement
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