https://oilprice.com/Energy/Energy-General/Bank-Of-America-Brent-Will-Recover-To-60-In-H1-2021.html
Why is Noble selling out if the price of oil is expected to recover to $60 in a couple of quarters? Noble can continue to stay in business in that price environment. It is becoming clearer by the day that DS selling out the company to maximized his own profits. If you want to sell Noble why not wait for oil prices to recover? Answer, if the price recovers and Noble is profitable it is more difficult to convince the BOD to sell. I remember a couple of years ago when DS said at a townhall meeting that Noble had been in business for 100 years and it will be in business for another 100 years.