Share of Noble Energy are up over 7.5 percent thus far in 2016, recovering with the price of oil.
Share of Noble Energy ( NBL) are up over 7.5 percent thus far in 2016, recovering with the price of oil. Karen Firestone, CEO of Aureus Asset Management, said the shale driller is a great way to get back into the energy sector because of its diversified asset base. 'Noble is half oil, half gas and is geographically diversified with properties all over the world with the Permian basin in the U.S. being one of their strongest,' said Firestone. 'They also have an option on the Israeli gas field, the Leviathan, off the coast that will be one of the biggest gas fields in the world.' Firestone added that Noble's valuation remains cheap despite its recent run-up at eight times its enterprise value to EBITDA which is on the low side for companies that size.Source:https://www.thestreet.com/video/13579668/why-noble-grace-amp-boston-scientific-are-strong-buys.html
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