Noble Corporation is an offshore drilling operation that is located primarily in the North Sea. They are a British company whose stock trades on the NYSE.
There are a lot of reasons why I like this stock. They are an oil company and I am quite bullish on the price of oil. Crude, in the United States, has been sitting at $51 for a moment. However, I believe that is short-lived and as the economy of the United States continues to expand, oil prices will advance further. I can very comfortably see the price of oil above $75 by the end of the year 2017. That would increase revenue by 50% in a linear world, although I can be forgiving. Plus, as the United States continues its expansion the pull for other regions, such as the EU and China will be enough to begin the process of bringing these economies into expansionary territory.
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