Night Watch Investment Management’s Strategic Decision to Exit Noble Corporation plc (NE)

1 hour ago 2

Soumya Eswaran

Mon, December 8, 2025 astatine 7:05 AM CST 3 min read

Night Watch Investment Management, an concern absorption firm, released its third-quarter 2025 capitalist letter. A transcript of the missive tin be downloaded here. In the 3rd quarter, the money LP appreciated by 4.28% nett of fees, and YTD, its show stood astatine 25.88%. The portfolio continued its beardown show successful the quarter. The marketplace besides experienced a beardown betterment successful the quarter. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its third-quarter 2025 capitalist letter, Night Watch Investment Management highlighted stocks specified arsenic Noble Corporation plc (NYSE:NE). Noble Corporation plc (NYSE:NE) is an offshore drilling contractor for the lipid and state industry. The one-month instrumentality for Noble Corporation plc (NYSE:NE) was 12.44%, and its shares gained 1.20% implicit the past 52 weeks. On December 05, 2025, Noble Corporation plc (NYSE:NE) banal closed astatine $205.39 per share, with a marketplace capitalization of $3.74 billion.

Night Watch Investment Management stated the pursuing regarding Noble Corporation plc (NYSE:NE) successful its 3rd 4th 2025 capitalist letter:

"We person afloat exited our vigor positions (VAL, TDW, Noble Corporation plc (NYSE:NE)). We had a presumption connected the concern rhythm of offshore vigor infrastructure, which bottomed successful 2021. Given that determination is nary caller infrastructure nether construction, we believed the rhythm could support going for galore years to come. However, we did not foresee the intermission successful offshore spending that started successful 2024. We bash not expect a resumption of spending until 2027 astatine the earliest. In the meantime, companies similar Noble Energy commercialized astatine ~10x Free currency flow, which is simply not arsenic inexpensive if your outgo of indebtedness is 8% and your assets person a constricted beingness span. In total, we mislaid a precise humble 2.67% connected our VAL, NE and TDW position. Since inception, vigor has been our lone important detractor from performance."

Is Noble Corporation plc (NE) the Oversold Stock to Buy successful 2025 Amid Inflation Fears?

Noble Corporation plc (NYSE:NE) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 47 hedge money portfolios held Noble Corporation plc (NYSE:NE) astatine the extremity of the 3rd quarter, compared to 49 successful the erstwhile quarter. While we admit the imaginable of Noble Corporation plc (NYSE:NE) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.