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Noble Corporation plc (NE): A Bull Case Theory

We came across a bullish thesis on Noble Corporation plc on Lasse’s Substack. In this article, we will summarize the bulls’ thesis on NE. Noble Corporation plc's share was trading at $26.91 as of August 5th. NE’s trailing and forward P/E were 9.06 and 22.42, respectively according to Yahoo Finance.

[caption id="attachment_1199092" align="aligncenter" width="768"] An aerial view of a Noble Holding Corporation plc drilling facility in Sugar Land,Texas.[/caption]

Noble Corporation (NYSE: NE) is a leading offshore drilling contractor specializing in deepwater and ultra-deepwater...