NOBLE CORP (NE) very good shape technically and fundamentally
Very good discount price at these levels for Noble Corp.
Fundamentally the stock has a very good debt to equity ratio (less than 65%).
1.3 bn USD of current assets (30.06.2016).
Book Value per share is at 30 USD (30.06.2016), so a discount of X5.
The stock is trading at 5.90 usd.
With the price of oil at 50 - 60 for 2017, the stock could have a very good upside range.
Fundamentally the stock has a very good debt to equity ratio (less than 65%).
1.3 bn USD of current assets (30.06.2016).
Book Value per share is at 30 USD (30.06.2016), so a discount of X5.
The stock is trading at 5.90 usd.
With the price of oil at 50 - 60 for 2017, the stock could have a very good upside range.
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