Noble Energy vs. Transocean: Which Is Cheaper?
Jason Kelly submits:
I wrote yesterday about the inevitable long-term rise in the price of oil, current recessionary pressures notwithstanding. I mentioned that at the end of the current leg down, I would be looking into buying leading oil-industry investments, such as Transocean (RIG).
Several people wrote to say that Transocean is one good idea, but that Noble Energy (NE) is better. By almost any long-term valuation analysis, each driller is cheap these days. Which is cheaper?
Investing, Long Term Investment, stock market | admin February 17, 2010
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