In what has been an extremely iffy year for the E&P sector, Noble Energy (NYSE:NBL)
is an outlier in many respects. Not only has the stock done quite well
over the past year, but that's even with a gas-heavy reserve base and
exposure to the Gulf of Mexico – two things that the market has really
soured on in general.
Clearly this is a situation where digging a little deeper is warranted.
Noble Energy is doing so well in part because of its very successful
drilling program in northern Colorado, it's large gas discoveries off
the coast of Israel, and a very compelling outlook for debt-adjusted
production growth over the next three to five years. Honestly, the
question today doesn't seem to be so much about whether Noble is a
top-notch emerging mid-tier energy company, but rather what to pay for
all of that.
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http://www.investopedia.com/stock-analysis/071113/noble-energy-looks-great-valuation-too-filling-nbl-apc-apa-eog.aspx
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