$39.00
0.05 (+0.13%)
Noble Corp (NYSE:NE)
CAPS Rating:
The Company is a provider of diversified services for the oil and gas industry.
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The Company is a provider of diversified services for the oil and gas industry.
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Noble has a lot of things going for it, including a very strong balance sheet. With over 500 million in cash and only 180 million in debt coming due over the next five years, Noble clearly has the financial ability to maneuver through the difficult times ahead. Their flet utilization is still strong, and looking into the future, their deepwater rigs will be able to command a premium when oil prices return back to a normal range.