Noble Energy (NBL)

dan_s · Post by **dan_s** » Mon Nov 14, 2016 5:22 pm

I spent the afternoon working on NBL. We will be sending out an updated profile late today.

I am raising my valuation by $4.20 to $54.20/share. First Call's price target is $43.58.

This is a BIG COMPANY with over 400,000 Boepd of current production and lots of running room. Their $1.5 Billion capital program is fully funded by cash flow from operations. I like their production mix and diversified asset base. They are #1 in the DJ Basin and they are ramping up activity in the Permian Basin and the Eagle Ford.

It has $5 Billion in liquidity.