Tag Archives: Randall Stilley

Arrogance? Confidence? Noble Chooses Paragon Offshore As Name For Spinoff

By |
0 Comment

Noble Corp (NE) has finally unveiled the new name for its upcoming standard spec drilling unit spinoff. No fancy consultants used here, no Russian sex act, no Portmanteau. Instead the company went bold and set the bar high by naming the new company Paragon Offshore. No surprise coming from a company with the name Noble. In fact, the… Read More »

New Plans for Pride & Seahawk

By |
2 Comments

Image via Wikipedia Despite the optimism of spinoff investors, not every spin is a success story…at least when measured by stock price appreciation. In late August of 2009, offshore rig contractor Pride International (PDE) spun off its shallow water operations into the newly formed Seahawk Drilling (HAWK). The great ticker could not overcome the poor industry fundamentals and… Read More »