Noble Energy, Inc. (NBL) - NYSE
  • Wed, May 4, 7:07 AM
    • Noble Energy (NYSE:NBL): Q1 EPS of -$0.53 beats by $0.04.
    • Revenue of $724M (-5.6% Y/Y) misses by $60.48M.
    • Press Release
    | Wed, May 4, 7:07 AM
  • Tue, May 3, 5:30 PM
  • Tue, May 3, 4:40 PM
    • Synergy Resources (NYSEMKT:SYRG) -3.5% AH after agreeing to acquire certain oil and gas assets in Colorado from Noble Energy (NYSE:NBL) for $505M.
    • SYRG says the deal includes ~33.1K primarily undeveloped net acres within the DJ Basin in the Greeley Crescent area.
    • To help fund the deal, SYRG says it is launching a public offering of 45M common shares, with an underwriters option to purchase up to an additional 6.75M shares.
    | Tue, May 3, 4:40 PM | 2 Comments
  • Mon, May 2, 6:39 PM
    • The Colorado Supreme Court ruled today that municipalities cannot bar fracking and the storage of fracking waste, striking down measures passed by the cities of Fort Collins and Longmont.
    • A local ban "could ultimately lead to a patchwork of regulation that would inhibit the efficient development of oil and gas resources" if left in place, according to one of two rulings today.
    • The decisions uphold lower court rulings and come amid a long-running battle over fracking across northeastern Colorado, which sits atop the Denver-Julesburg Basin.
    • Among Colorado's top oil and gas operators: APC, NBL, ECA, WLL, BBG, BCEI, CRZO, PDCE, SYRG
    | Mon, May 2, 6:39 PM | 15 Comments
  • Mon, Apr. 25, 4:59 PM
    • Noble Energy (NYSE:NBL) declares $0.10/share quarterly dividend, in line with previous.
    • Forward yield 1.14%
    • Payable May 23; for shareholders of record May 9; ex-div May 5.
    | Mon, Apr. 25, 4:59 PM
  • Tue, Apr. 19, 7:17 PM
    • The risk-reward balance for select oil and gas stocks that emphasize balance sheet quality resilient 2016 production profiles looks "increasingly compelling" for long-term investors, Morgan Stanley analysts say.
    • Stanley maintains a "balanced" view for 2016 in a second consecutive trough year, but the longer-term outlook grows more compelling; in each of the firm's recovery scenarios, the upside to net asset value reflects the commodity price required to deliver the call on U.S. production in 2019, and is ~166%, 107%, and 40% in its respective bull, base and bear cases.
    • The firm's Overweight-rated E&P stocks are Anadarko Petroleum (NYSE:APC), Cimarex Energy (NYSE:XEC), Continental Resources (NYSE:CLR), Devon Energy (NYSE:DVN), Diamondback Energy (NASDAQ:FANG), Noble Energy (NYSE:NBL), Occidental Petroleum (NYSE:OXY) and Pioneer Natural Resources (NYSE:PXD).
    • Now read Devon Energy +5% following Morgan Stanley upgrade
    | Tue, Apr. 19, 7:17 PM | 6 Comments
  • Mon, Apr. 18, 2:31 PM
    • Investors should stay on defense through select oil and gas stocks such as Concho Resources (CXO +2.5%), Noble Energy (NBL +0.9%), PDC Energy (PDCE +4.3%), Parsley Energy (PE +2.2%), Pioneer Natural Resources (PXD +2.3%), Synergy Resources (SYRG +1.5%) and Cimarex Energy (XEC +1.8%) following the producers' failure to reach a deal at Doha, Stifel says.
    • The firm says the balance sheets of the seven companies should remain sound even if WTI oil prices fall short of its $37/bbl forecast for 2016, and the group also owns some of the strongest assets as measured by half-cycle returns.
    • A re-surging market share battle between Saudi Arabia and Iran casts doubt on the timing of a realignment of oil supply and demand, and the divide between the two countries runs deep and could widen if the Saudis flood an oversupplied market with additional barrels, Stifel says.
    • Now read Stifel downgrades "riskier" oil stocks ahead of OPEC meeting
    | Mon, Apr. 18, 2:31 PM
  • Mon, Apr. 18, 8:59 AM
    • Noble Energy (NYSE:NBL) senior executives visited Israel last week but returned home disappointed as no progress was made toward regulatory stability for gas companies operating in the country's waters, Globes reports.
    • NBL's senior VP for the eastern Mediterranean region and its general counsel reportedly visited Israel last week and met with several top government officials.
    • Last month, Israel's Supreme Court ruled that its approval of the country's gas development plan was contingent on a change in the agreement's stability clause, and must be reformulated and anchored through legislation in the Knesset, not a cabinet resolution.
    • Now read Noble Energy still a Buy at Stifel following Israel Supreme Court ruling
    | Mon, Apr. 18, 8:59 AM | 1 Comment
  • Thu, Apr. 14, 12:58 PM
    • Simmons analysts raise EPS estimates and price targets for oil and gas E&P stocks to reflect a mark-to-market update to the forward curve through 2018.
    • “Our E&P coverage universe now offers ~13% upside potential on average as upward revisions to our price targets were more than offset by the bounce in equities,” Simmons says.
    • The firm's top large-cap E&P stocks: Apache (APA +0.2%), Concho Resources (CXO -0.3%), EOG Resources (EOG -0.1%), Noble Energy (NBL -0.7%), Pioneer Natural Resources (PXD +0.8%).
    • Favorite small- to mid-cap names: Diamondback Energy (FANG -0.7%), Newfield Exploration (NFX -0.3%), Parsley Energy (PE -0.4%).
    • Simmons' top natural gas pick: Gulfport Energy (GPOR -1.5%).
    • Now read Apache: Turnaround and future growth
    | Thu, Apr. 14, 12:58 PM | 8 Comments
  • Mon, Apr. 11, 9:17 AM
    • Noble Energy (NYSE:NBL) is in talks with Israeli institutional investors to sell part of its holding in the Tamar natural gas reserve for at least $1B, according to weekend reports in the Israeli media.
    • Under its framework agreement with Israel's government, NBL has six years to reduce its 36% stake in Tamar to 25%, but the company has been selling assets as it faces a cash crunch.
    • The Tamar field off Israel's Mediterranean coast, which started production in 2013, contains estimated reserves of nearly 11T cf; Tamar partners NBL and Delek (OTCPK:DGRLY) also control the nearby and much larger Leviathan field, which is still undeveloped.
    • Now read Noble Energy still a Buy at Stifel following Israel Supreme Court ruling
    | Mon, Apr. 11, 9:17 AM | 2 Comments
  • Fri, Apr. 8, 9:56 AM
    | Fri, Apr. 8, 9:56 AM | 1 Comment
  • Tue, Mar. 29, 11:41 AM
    • Noble Energy (NBL -0.7%) is maintained with a Buy rating at Stifel but at a reduced price target of $37, cut from $40, even after Israel's Supreme Court struck down the government's plan to develop and export offshore its natural gas reserves.
    • Stifel continues to believe the 22T cf Leviathan discovery will be developed, although the court ruling clouds the timing and all but eliminates a potential 2016 catalyst associated with project sanctioning.
    • Separately, Israel's energy minister says he thinks the turmoil in the country's natural gas sector can be resolved within a couple of months.
    | Tue, Mar. 29, 11:41 AM
  • Mon, Mar. 28, 8:26 AM
    • Shares in Israeli gas companies Avner Oil (OTCPK:AVOGF) and Delek Drilling (OTC:DKDRF) sink even after partners in Israel’s Leviathan offshore gas field said the high court ruling that blocked a proposal to regulate the natural gas industry would not derail their development plans.
    • Delek Group (OTCPK:DGRLY) CEO Assi Bartfeld said in a conference call that the partners would work hard to find the solutions necessary to come to an agreement, a stance that Barclays analyst Tavy Rosner calls “overly optimistic... The partners are unlikely to manage to secure export contracts without a stability clause in place. Working around that clause could take several months.”
    • Noble Energy (NYSE:NBL) Chairman David Stover says the court ruling was “disappointing and represents another risk to Leviathan timing.”
    • In the U.S., NBL -4.1% premarket.
    | Mon, Mar. 28, 8:26 AM
  • Mon, Mar. 28, 2:56 AM
    • Partners in Israel's offshore Leviathan natural gas field are calling on the government to quickly resolve remaining regulatory uncertainty after the Supreme Court struck down an agreement on the project's development.
    • The objection was due to a clause that would have prevented major regulatory changes for 10 years, inserted to encourage investment.
    • The government last year reached a deal with Noble Energy (NYSE:NBL) and Israeli partner Delek Group (OTCPK:DGRLY) that would leave them in control of the gas trove, while forcing them to sell smaller, yet sizable, assets.
    • Previously: Israel's Supreme Court strikes down government gas deal (Mar. 27 2016)
    | Mon, Mar. 28, 2:56 AM | 3 Comments
  • Sun, Mar. 27, 6:52 PM
    • Israel’s Supreme Court rules against the government's plan to develop and export the country’s offshore natural gas reserves, in a major setback for Prime Minister Netanyahu - who had appeared before the court to defend the deal - and for Israel's energy industry.
    • In ruling the deal unconstitutional, the court objected to a clause that would have prevented major regulatory changes for 10 years, inserted to encourage investment.
    • The main stakeholders in the fields, Noble Energy (NYSE:NBL) and Israeli partner Delek Group (OTCPK:DGRLY), had argued that the stability clause was required for them to make the investments necessary to develop the fields.
    • The deal will be suspended for one year, during which time the Netanyahu government will be required to amend it and potentially put the details to a vote in the Knesset.
    | Sun, Mar. 27, 6:52 PM | 12 Comments
  • Tue, Mar. 22, 6:06 PM
    • For the first time in years, drillers are expected to add less oil from new fields in 2016 than they lose to natural decline in old ones, according to an analysis by Rystad Energy.
    • New projects expected to generate ~3M bbl/day will come from new projects this year compared with 3.3M bbl/day lost from established fields, but the decline will outstrip new output by 1.2M bbl/day in 2017 as investment cuts made during the oil rout start to take effect on the way to a "very strong effect" by 2020, Rystad says.
    • In the deepwater Gulf of Mexico this year, Shell (RDS.A, RDS.B) is scheduled to start the Stones project, with projects run by Noble Energy (NYSE:NBL) and Freeport McMoran (NYSE:FCX) also due to begin; Anadarko Petroleum (NYSE:APC) started the Heidelberg field in January.
    • Eni (NYSE:E) commenced the Goliat field in the Arctic this month, Shell started producing from a new area of the BC-10 project in Brazil earlier this month, and Tullow Oil (OTCPK:TUWLF, OTCPK:TUWOY) plans to begin output from the TEN field offshore Ghana this summer.
    • Morgan Stanley estimates nine projects are in contention to get a green light this year, including BP’s Mad Dog Phase 2 in the Gulf of Mexico and Eni’s Zohr gas field in Egypt, yet Rystad believes these developments will not be enough to counter the natural decline in oil fields that are starting to suffer from lower investment.
    • ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DWTI, DBO, DTO, USL, DNO, OLO, SZO, OLEM
    | Tue, Mar. 22, 6:06 PM | 25 Comments
Company Description
Noble Energy, Inc. is an independent energy company engaged in oil and natural gas exploration and production. The company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West... More
Industry: Independent Oil & Gas
Country: United States