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Stock Market & Financial Investment News

News Breaks
May 21, 2014
07:18 EDTNBL, WOPEYNoble Energy Leviathan valuation to be hurt by Woodside move, says RBC Capital
After Woodside (WOPEY) terminated its agreement with Noble Energy (NBL) to purchase a stake in the development of the Leviathan discovery offshore Israel, RBC Capital thinks the decision will delay the development of an LNG solution for the field and lower its value. However, the firm believes that Noble can find alternatives to Woodside and thinks that Noble has enough capital to develop the domestic portion of Leviathan without Woodside. The firm keeps an $81 price target and Outperform rating on Woodside.
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