Noble Energy

So far in March, Noble Energy (NBL) had outperformed upstream stocks that are part of the S&P 500 Index (SPY). Noble Energy stock has risen 8.4% in March. The S&P 500 Index has risen 1.7%, while US crude oil prices have risen 2.9%. Brent crude oil futures have risen 2% in March. ConocoPhillips (COP) and EOG Resources (EOG) have fallen 0.7% and 1.2% on a month-to-date basis.

Noble Energy Has Outperformed Upstream Stocks in March

Why NBL outperformed

On February 19, Noble Energy released its 2019 guidance and fourth-quarter earnings results. On the same day, Noble Energy stock rose 4.7%. The company reported a net income of $0.12 per diluted share, which was on par with analysts’ consensus estimates. Based on the company’s guidance, at the midpoint, ~59.4% of Noble Energy’s total capital expenditure in 2019 will be spent on boosting the production from the DJ and Delaware basins.

Latest articles

Apple Arcade (AAPL) is a subscription gaming service that was unveiled at Apple’s annual event last week. The service will launch on September 19.

Cannabis legalization is gaining traction not only in the US but also globally. The third presidential Democratic debate was held on September 12.

Google has agreed to make a one-time settlement of over $945 million euros to the French ministry. The ministry accused Google of evading taxes.

In Q4 2018, legendary investor George Soros sold all his holding in Apple (AAPL). In Q3 2018, Apple represented around 0.2% of his total portfolio.

Jim Chanos, the founder and president of Kynikos Associates, is a long-time short-seller of Tesla stock. Tesla stock has fallen 17.5% in the last year.

Despite Aurora Cannabis's subdued results, Cowen initiated coverage on five cannabis stocks: CRLBF, GTBIF, CURLF, MMNFF, and ACRGF.