Previous Statements by NBL
» Noble Energy's CEO Presents at Credit Suisse Energy Summit (Transcript)
» Noble Energy's CEO Discusses Q4 2011 Results - Earnings Call Transcript
» Noble Energy, Inc. - Analyst/Investor Day
I would look to begin trading it on the long side above $160.
The S&P 500 has returned 10% year to date, while the top half of it, around 16%.
The European Central Bank has had their foot on the gas for a while.
It makes a ton of sense to trim when we get to that fabled $53 level for oil prices.