Ape
Long

NE- Overlooked Drilling Company with Huge Upside

NYSE:NE   NOBLE CORP PLC
I love stocks with low risk and high reward. Who doesn't? NE is just that. After consolidating at its' 4 year support line, and breaking out of what can be looked at as a diamond bottom, I believe this company can easily rise 30% from its' current price. NE is a fundamentally sound company with Net income and Revenue rising YoY since 2011. Its' first quarter net income came in over 60% higher then 2013's 1st quarter which indicates the company will continue growing its operations in 2014. The company has also seen its' debt levels rise since 2011, but with a Debt/Equity ratio of just .67 and a quick ratio at a healthy 1.53 I see this as no concern. With the energy sector being so strong, it is just a matter of time before everyone catches on to this company.

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