"Noble Becomes 1st Energy Co. To File For IPO Since Early '15," Law360
In an article published in Law360 on October 22, 2015, Jonathan B. Wilson provides insight to Noble Energy Inc.’s plan for a $100 million initial public offering. This news comes as a surprising move for many, as energy IPOs have come to a halt due to the uncertainty over the plunging price of oil. Mr. Wilson offers his opinion that while the timing of this proposed offering is odd, “it’s possible that investors are seeing the historically low oil prices and determining that there’s nowhere to go but up.” He emphasizes, “Certainly, the Obama administration's hostility to fossil fuels has not helped investors in oil stocks. Consequently, it is also possible that Noble Midstream is aimed at investors who believe that the next U.S. president will be less hostile to domestic oil production.” Subscribers may read the full article on the Law360 website.