Tag Archives: NE

NE-US: Initiation (BUY, TP 12)

We initiate coverage of Noble Corporation with a BUY recommendation and target price of USD 12

The company has a large fleet of attractive assets, a balanced contract backlog and a decent liquidity position. We believe the company is well positioned to take advantage of the looming expansionary phase of the cycle.

Posted in Oil services, rig | Tagged , | Leave a comment