Note:
Noble Corporation (NYSE:NE) has been covered by me previously, so investors should view this as an update to my earlier articles on the company.
Offshore drilling stocks have been in demand after the recent OPEC+ meeting led to another reduction in oil output targets with shares of major US-exchange listed industry players generally up between 25-90% from recent lows:
Source: Yahoo Finance, Author's own work
Only Noble Corporation was left out of the recent recovery rally with the shares actually breaking down to new all-time lows on much higher than average volume