Image: A rig in the Tamar field. Source: Associated Press
Investment Thesis
The independent Houston-based Noble Energy (NASDAQ: NBL) announced its first-quarter results on May 8, 2020. A critical event for the company is, without a doubt, the start-up of the Leviathan in Israel, which gave a boost to production this quarter compared to the same quarter a year ago. Production for the first quarter was up nearly 16%.
Brent Smolik said in the conference call:
With Leviathan fully installed, we now have a total of 2.3 Bcf of gross deliverability. That's a great