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Noble Corporation plc

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Noble Corporation's robust portfolio of assets, long-term commitments and strong backlog offer some relief in the currently weak pricing scenario. Also, the company reported better-than-expected third-quarter 2015 results on strong operational execution and cost-management efforts. However, uncertainty lingers over new contract flows and dayrates. Also, Noble Corp. has a large number of rigs coming off contracts and securing new contracts for those could be a challenge in the present conditions. Further, the oversupplied rig market remains a challenge for offshore drilling firms.

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