Dead Dog ? PGN

NYSE:PGN Paragon Offshore PLC

Noble Corporation Completes Spin-Off Of Paragon Offshore and it goes to crap!
Found this in Barron’s Winners and Losers section it was listed as a winner. Wish I found this last week to buy at 2, o-well. Will watch

Down and out but Insider Buying , I love Insider Buying! Link

Director J Robinson West purchased 10,500 shares of the stock on the open market in a transaction dated Friday, December 12th. The stock was purchased at an average cost of $2.95 per share, with a total value of $30,975.00. Following the completion of the acquisition, the director now directly owns 51,280 shares of the company’s stock, valued at approximately $151,276. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this Link

Bad news

Equities research analysts at Jefferies Group lowered their price target on shares of Paragon Offshore PLC (NYSE:PGN) from $3.00 to $2.00 Link

This is a Risky play but could pay off big if they have ok earnings on February 19 and oil keeps going up

Nice Chart

Paragon Offshore plc is a provider of offshore drilling units serving the oil and gas industry. The Company’s fleet consists of 42 mobile offshore drilling units (MODUs) (34 jackups, five drillships and three semisubmersibles), one floating production, storage and offtake (FPSO) and conduct contract labor operations on the Hibernia Platform offshore eastern Canada. The Company also performs drilling operations on the Hibernia Platform offshore Eastern Canada. It operates in hydrocarbon-producing geographies worldwide, including Mexico, Brazil, the North Sea, West Africa, the Middle East, India and Southeast Asia. On August 1, 2014, Noble Corporation plc (Noble) completed the separation and spin-off of its offshore drilling business (the Spin-off) through a pro rata distribution of all of the ordinary shares of its wholly owned subsidiary, Paragon Offshore plc (Paragon Offshore), a public limited company incorporated under the laws of England and Wales.