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Israel has started production of natural gas from its offshore Tamar field, taking the country...

Israel has started production of natural gas from its offshore Tamar field, taking the country further along the road towards energy independence. The news is also a boon to the companies who have been developing Tamar - which holds 10T cubic feet of gas - including Noble Energy (NBL) and Delek Group (DGRLY.PK).
Comments (3)
  • David Jackson
    , contributor
    Comments (1229) | Send Message
     
    Is the discovery fully priced in to DGRLY.PK - or is there more upside? Interested to hear views of anyone holding the stock.
    31 Mar 2013, 10:33 AM Reply Like
  • 11146471
    , contributor
    Comments (458) | Send Message
     
    Dear David,

     

    Besides Noble (which holds the majority), and Delek, there is also Isramco (ISRL) in the game.

     

    And it's not only the Tamar field which is already been exploited, there is also the untapped Leviathan field which is even bigger (I believe 2 times bigger).

     

    And finally there is the Crimean crisis which should lead EU nations to seek new sources of gas!

     

    So I guess the answer to your question is probably no, these companies are not fully priced.

     

    Just like you I would welcome more opinions!

     

    B.R.

     

    Ethan
    16 Mar, 02:13 AM Reply Like
  • ☃Leo☃
    , contributor
    Comments (12) | Send Message
     
    The production will increase around 1% on Israel GDP 2013, it should increase 3.8% instead of 2.8%
    11 Apr 2013, 02:59 AM Reply Like
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