Noble Energy (NBL) is growing production and cash flows significantly through their local onshore and international operations. Production elsewhere in the world continues to decline, yet their stock price fails to reflect this fact. Management even noted on the call that they believe their share price is undervalued, and that the destruction of wealth taking place in the energy sector was truly astonishing.
Their progress internationally has been remarkable, as the company delivered record sales volumes of 1.1 billion cubic feet per day to the Mediterranean, where demand for LNG is exceeding