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Noble Corp is an offshore drilling contractor.
Offshore drillers have experienced a period of high distress following the multi-year decline of crude oil.
Noble has a respectable backlog and is trading at lower price multiples as compared to peers.
If crude oil manages to sustain the recent price rise above $50, Noble and others may prove to be a bargain.
Noble is a High-Risk: High-Reward Investment whose risks must be seriously weighed before initiating a position.
Offshore drillers have experienced a period of high distress following the multi-year decline of crude oil.
Noble has a respectable backlog and is trading at lower price multiples as compared to peers.
If crude oil manages to sustain the recent price rise above $50, Noble and others may prove to be a bargain.
Noble is a High-Risk: High-Reward Investment whose risks must be seriously weighed before initiating a position.
| ne_noble_corp.pdf |
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