Image: Noble Energy Leviathan from Noble Energy.
Investment Thesis
Houston-based Noble Energy (NBL) is an independent US company focusing on exploration and production of oil and natural gas. Noble Energy presents an excellent production profile with:
- A healthy Shale production (DJ Basin, Delaware, and Eagle Ford), which reached 293K Boep/d in Q3.
- The substantial gas assets offshore Israel, including the producing Tamar field and the soon-to-be producing Leviathan field - 90% complete as of the end of September, with the first production expected this month. The company also is involved with Cyprus offshore