sell while you can as you will need the cash after the layoff
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The final death knell to NBL stock was the announcement yesterday by Italy's ENI of a massive gas discovery off the coast of Egypt. This discovery purportedly is three times larger than Tamar-Leviathan. Israel/Noble/Delek had hoped to sell much of their gas to Egypt who was in dire need. They will not be needing any of it now leaving no customers other than Israel for Noble/Delek gas. Thus ending the Noble/Delek gas monopoly in the Mediterranean. Game over. "But you see it's a natural hedge".