Noble Corporation Plc A (NYSE:NE)

Friday, January 23, 2009 | Web News
Guidance Report: 'While we believe the long-term fundamentals of our industry are sound, the condition of the global economic environment is clearly a cause...
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"Looking ahead, Noble does not expect the near-term contracting environment to change significantly despite the gradual recovery we are seeing in crude prices," said Williams. "However, every day that crude prices stay at a reasonable level or continue to improve builds confidence in our future. Our backlog is at a very healthy level and we continue to exercise discipline on the cost side. At the same time, we are making investments to improve the reliability and performance of our fleet. Our strong balance sheet and customer base allow us to add capacity when attractive opportunities come along that meet our disciplined investment process. Investors can count on us to act prudently as we confront this difficult climate and remain focused on increasing value now and when the economy improves."

Source: PR Newswire (July 22, 2009)

Web site: http://www.noblecorp.com

Last updated July 23, 2009